Visteon (NASDAQ:VC) Upgraded at Wells Fargo & Company

Visteon (NASDAQ:VC) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $122.00 price target on the stock, up from their previous price target of $115.00. Wells Fargo & Company‘s price target would indicate a potential upside of 28.02% from the stock’s previous close.

A number of other equities analysts also recently commented on VC. Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. dropped their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group decreased their target price on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen dropped their price target on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, UBS Group reduced their price objective on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average target price of $130.36.

Visteon Stock Performance

Shares of Visteon stock opened at $95.30 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. The business has a 50-day moving average of $101.40 and a 200 day moving average of $107.70. Visteon has a 12 month low of $88.37 and a 12 month high of $143.97.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Visteon will post 8.06 earnings per share for the current year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the sale, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VC. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the period. Signaturefd LLC increased its position in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the period. Fidelis Capital Partners LLC bought a new stake in Visteon in the first quarter valued at $48,000. Quadrant Capital Group LLC boosted its holdings in shares of Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Visteon during the second quarter valued at $59,000. Institutional investors own 99.71% of the company’s stock.

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.