Visteon (NASDAQ:VC) Given New $140.00 Price Target at Bank of America

Visteon (NASDAQ:VC) had its price objective upped by analysts at Bank of America from $130.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 9.14% from the stock’s previous close.

VC has been the subject of several other research reports. UBS Group reissued a “buy” rating and issued a $146.00 price target (up previously from $142.00) on shares of Visteon in a research report on Friday, July 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Visteon in a research report on Friday, July 25th. Guggenheim increased their price target on shares of Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, August 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Visteon Stock Up 2.2%

Shares of VC opened at $128.28 on Wednesday. The company has a 50-day simple moving average of $117.01 and a 200-day simple moving average of $94.66. The firm has a market capitalization of $3.50 billion, a P/E ratio of 12.23, a P/E/G ratio of 4.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.35. The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Visteon will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the sale, the senior vice president directly owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the sale, the director directly owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Visteon

Large investors have recently added to or reduced their stakes in the company. Amundi grew its stake in shares of Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Visteon by 1.7% during the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock valued at $550,000 after purchasing an additional 100 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Visteon by 0.7% during the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock valued at $1,866,000 after purchasing an additional 139 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Visteon by 2.5% during the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock valued at $751,000 after purchasing an additional 198 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.