Wells Fargo & Company Increases Visteon (NASDAQ:VC) Price Target to $124.00

Visteon (NASDAQ:VC) had its price objective boosted by equities researchers at Wells Fargo & Company from $119.00 to $124.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 41.93% from the company’s previous close.

Several other research analysts have also recently weighed in on VC. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays lowered their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average price target of $125.62.

Visteon Price Performance

VC stock opened at $87.37 on Wednesday. Visteon has a 1 year low of $75.75 and a 1 year high of $121.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The firm has a market capitalization of $2.41 billion, a PE ratio of 4.74, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The business has a 50 day simple moving average of $85.72 and a 200-day simple moving average of $91.26.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 46.19% and a net margin of 13.22%. Equities research analysts anticipate that Visteon will post 8.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock worth $258,106,000 after purchasing an additional 16,442 shares during the period. American Century Companies Inc. increased its stake in Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after purchasing an additional 536,073 shares during the period. Invesco Ltd. increased its stake in Visteon by 5.6% during the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company’s stock worth $105,090,000 after purchasing an additional 62,610 shares during the period. State Street Corp increased its stake in Visteon by 0.4% during the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after purchasing an additional 3,918 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Visteon by 5.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company’s stock worth $80,621,000 after purchasing an additional 45,058 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

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.