Visteon (NASDAQ:VC) Price Target Cut to $148.00 by Analysts at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price objective cut by equities researchers at Wells Fargo & Company from $151.00 to $148.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 47.26% from the company’s previous close.

VC has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. Zacks Research cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada boosted their target price on shares of Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Barclays set a $130.00 target price on Visteon in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $133.08.

Visteon Price Performance

Visteon stock traded up $0.74 during trading hours on Tuesday, reaching $100.50. 135,426 shares of the stock were exchanged, compared to its average volume of 377,263. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a market cap of $2.74 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.14. The stock has a 50 day moving average of $108.19 and a two-hundred day moving average of $108.65.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 EPS. Equities analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insider Activity at Visteon

In related news, CEO Sachin Lawande sold 595 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in Visteon during the 3rd quarter worth approximately $30,000. USA Financial Formulas bought a new stake in shares of Visteon during the 3rd quarter worth $44,000. Fifth Third Bancorp boosted its stake in Visteon by 111.5% in the second 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 last quarter. Plato Investment Management Ltd purchased a new position in Visteon in the third quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds 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.