Visteon (NASDAQ:VC) Price Target Raised to $145.00

Visteon (NASDAQ:VC) had its price target hoisted by Wells Fargo & Company from $129.00 to $145.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on the stock. Robert W. Baird set a $144.00 price objective on shares of Visteon in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Morgan Stanley raised their price objective on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. UBS Group restated a “buy” rating and set a $146.00 price objective (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average price target of $124.54.

Visteon Trading Up 2.2%

Shares of NASDAQ:VC opened at $128.28 on Tuesday. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $117.01 and its 200 day simple moving average is $94.66. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 4.85 and a beta of 1.25.

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

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 0.9%. Visteon’s dividend payout ratio (DPR) is 10.49%.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares of the company’s stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the transaction, the director directly owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,102 shares of company stock valued at $1,538,595. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after acquiring an additional 204 shares during the period. UMB Bank n.a. grew its position in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC grew its position in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after acquiring an additional 408 shares during the period. EMC Capital Management bought a new position in shares of Visteon in the 2nd quarter valued at about $45,000. Finally, GAMMA Investing LLC grew its position in shares of Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after acquiring an additional 426 shares during the period. Institutional investors 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.