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

Wells Fargo & Company upgraded shares of Visteon (NASDAQ:VC) from an underweight rating to an equal weight rating in a research note released on Friday morning, Marketbeat.com reports. Wells Fargo & Company currently has $108.00 target price on the stock, up from their previous target price of $106.00.

VC has been the topic of a number of other reports. Bank of America decreased their price objective on Visteon from $165.00 to $160.00 and set a buy rating on the stock in a report on Thursday, February 29th. Barclays raised Visteon from an equal weight rating to an overweight rating and raised their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price objective on Visteon from $146.00 to $145.00 and set a neutral rating on the stock in a report on Monday, April 22nd. Guggenheim decreased their price objective on Visteon from $136.00 to $126.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Finally, StockNews.com raised Visteon from a hold rating to a buy rating in a report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visteon presently has an average rating of Moderate Buy and a consensus target price of $142.36.

Visteon Stock Performance

NASDAQ:VC opened at $112.81 on Friday. The business’s 50-day moving average price is $113.46 and its two-hundred day moving average price is $118.08. Visteon has a twelve month low of $105.19 and a twelve month high of $159.87. The stock has a market cap of $3.11 billion, a P/E ratio of 6.45, a PEG ratio of 0.51 and a beta of 1.65. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. During the same period in the previous year, the business earned $1.25 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Visteon will post 8.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of large investors have recently made changes to their positions in VC. Fifth Third Bancorp boosted its position in shares of Visteon by 3.0% during the third quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock valued at $413,000 after purchasing an additional 86 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Visteon by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock valued at $706,000 after buying an additional 94 shares during the last quarter. State of Michigan Retirement System raised its stake in Visteon by 1.5% during the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after buying an additional 100 shares during the last quarter. Covestor Ltd raised its stake in Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Visteon by 1.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock valued at $1,190,000 after buying an additional 140 shares during the last quarter. 99.71% of the stock is currently 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.