Visteon (NASDAQ:VC) Price target raised to $142.00 at Robert W. Baird


Visteon (NASDAQ:VC – Get a Rating) had its price target raised by Robert W. Baird from $131.00 to $142.00 in a report on Friday, reports The Fly.

VC has been the subject of a number of other reports. Bank of America upgraded Visteon shares from an underperforming rating to a neutral rating and raised its target price for the stock from $122.00 to $140.00 in a Wednesday, April 6 report. Barclays lowered its price target on Visteon shares from $145.00 to $140.00 and set an overweight rating on the stock in a Thursday, April 7 report. Deutsche Bank Aktiengesellschaft cut its price target on Visteon shares from $131.00 to $130.00 in a Monday, July 18 report. Citigroup cut its price target on Visteon shares from $119.00 to $108.00 in a Tuesday, April 5 report. Finally, Morgan Stanley cut its price target on Visteon shares from $93.00 to $91.00 and set an equal weighting quote on the stock in a Thursday, July 14 report. One analyst rated the stock with a sell rating, two rated the stock with a hold rating, and seven rated the stock with a buy rating. According to data from MarketBeat.com, the company currently has a Moderate Buy consensus rating and a consensus target price of $124.82.

Visteon stock up 4.2%

VC stock opened at $127.58 on Friday. Visteon has a 52 week low of $88.82 and a 52 week high of $140.44. The company has a market capitalization of $3.59 billion, a price-earnings ratio of 77.32 and a beta of 1.74. The company’s 50-day moving average is $108.34 and its two-hundred-day moving average is $106.15. The company has a current ratio of 1.71, a quick ratio of 1.32 and a debt ratio of 0.54.

Visteon (NASDAQ:VC – Get Rating) last released its results on Thursday, July 28. The company reported EPS of $1.34 for the quarter, beating analyst consensus estimates of $0.66 by $0.68. Visteon had a net margin of 1.65% and a return on equity of 13.40%. The company posted revenue of $848.00 million for the quarter, versus a consensus estimate of $716.67 million. During the same period of the previous year, the company achieved EPS of ($0.32). The company’s revenue for the quarter increased 39.0% year over year. On average, analysts expect Visteon to post earnings per share of 4.74 for the current fiscal year.

Insider Activity at Visteon

In a similar vein, CFO Jerome Rouquet sold 1,750 shares of the company in a trade that took place on Thursday, July 28. The shares were sold at an average price of $135.00, for a total transaction of $236,250.00. Following the transaction, the CFO now directly owns 4,943 shares of the company, valued at $667,305. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. In other Visteon news, Chief Financial Officer Jerome Rouquet sold 1,750 shares of the company in a deal that took place on Thursday, July 28. The shares were sold at an average price of $135.00, for a total value of $236,250.00. Following the completion of the sale, the CFO now directly owns 4,943 shares of the company, valued at $667,305. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Vice Chairman Brett D. Pynnonen sold 2,000 shares of the company in a transaction that took place on Monday, June 6. The stock was sold at an average price of $113.75, for a total transaction of $227,500.00. Following the completion of the sale, the vice president now directly owns 8,111 shares of the company, valued at $922,626.25. The disclosure of this sale can be found here. 1.60% of the shares are currently held by insiders.

Visteon Institutional Trading

Major investors have recently increased or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Visteon stock in the fourth quarter worth $1,012,000. Yousif Capital Management LLC acquired a new stake in Visteon stock in the fourth quarter worth $1,757,000. Dupont Capital Management Corp acquired a new stake in Visteon stock in the fourth quarter worth $815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Visteon shares by 40.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,038 shares of the company worth $449,000 after buying 1,167 additional shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Visteon shares by 9.2% in the fourth quarter. Fifth Third Bancorp now owns 3,783 shares of the company worth $420,000 after buying 320 more shares in the last quarter.

Visteon Company Profile

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Visteon Corporation, an automotive technology company, designs, engineers and manufactures automotive electronics and connected car solutions for automakers worldwide. The company provides instrument clusters, including analog gauge clusters to 2D and 3D display-based devices; information displays that incorporate a range of user interface technologies and graphics management capabilities, such as 3D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback and motion effects light ; and Phoenix, an integrated display and infotainment audio platform, as well as an artificial intelligence-based in-vehicle voice assistant with natural language understanding.

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Richard L. Militello