Visteon (NYSE:VC)‘s stock had its “market perform” rating reiterated by equities research analysts at Wells Fargo & Co in a research report issued to clients and investors on Wednesday, The Fly reports. They currently have a $86.00 price objective on the auto parts company’s stock, down from their previous price objective of $123.00. Wells Fargo & Co’s price target would indicate a potential upside of 7.26% from the stock’s current price.

Other analysts have also issued research reports about the company. Guggenheim set a $140.00 target price on Visteon and gave the stock a “buy” rating in a report on Friday, July 27th. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of Visteon in a report on Friday, July 27th. Longbow Research set a $145.00 target price on Visteon and gave the stock a “buy” rating in a report on Thursday, July 26th. Raymond James reiterated a “buy” rating on shares of Visteon in a report on Monday, August 20th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $123.00 target price on shares of Visteon in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Visteon has an average rating of “Buy” and a consensus target price of $134.53.

VC opened at $80.18 on Wednesday. Visteon has a 52-week low of $79.69 and a 52-week high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.

Visteon (NYSE:VC) last released its earnings results on Thursday, July 26th. The auto parts company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.10). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The company had revenue of $758.00 million for the quarter, compared to the consensus estimate of $794.15 million. During the same quarter in the previous year, the company posted $1.38 EPS. The business’s revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Visteon will post 6.23 earnings per share for the current year.

In other news, insider Robert R. Vallance sold 850 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $116.85, for a total value of $99,322.50. Following the transaction, the insider now owns 4,414 shares of the company’s stock, valued at $515,775.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $118.00, for a total value of $295,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,109 shares in the company, valued at approximately $7,682,862. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of VC. Northern Trust Corp grew its position in shares of Visteon by 1.0% in the first quarter. Northern Trust Corp now owns 198,766 shares of the auto parts company’s stock valued at $21,912,000 after purchasing an additional 2,002 shares during the last quarter. Allianz Asset Management GmbH grew its position in Visteon by 2.1% during the first quarter. Allianz Asset Management GmbH now owns 44,660 shares of the auto parts company’s stock worth $4,924,000 after buying an additional 939 shares in the last quarter. Jane Street Group LLC acquired a new stake in Visteon during the first quarter worth approximately $780,000. Ladenburg Thalmann Financial Services Inc. grew its position in Visteon by 18.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,716 shares of the auto parts company’s stock worth $300,000 after buying an additional 422 shares in the last quarter. Finally, Millennium Management LLC grew its position in Visteon by 475.7% during the first quarter. Millennium Management LLC now owns 247,152 shares of the auto parts company’s stock worth $27,246,000 after buying an additional 204,225 shares in the last quarter.

Visteon Company Profile

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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Analyst Recommendations for Visteon (NYSE:VC)

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