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 report report published on Friday morning, MarketBeat Ratings reports. Wells Fargo & Company currently has $108.00 price target on the stock, up from their prior price target of $106.00.

A number of other research firms have also commented on VC. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $146.00 to $145.00 and set a neutral rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada dropped their price target on shares of Visteon from $188.00 to $146.00 and set an outperform rating on the stock in a research report on Thursday, March 7th. StockNews.com raised shares of Visteon from a hold rating to a buy rating in a research report on Thursday, January 11th. Guggenheim dropped their price target on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Finally, Barclays raised shares of Visteon from an equal weight rating to an overweight rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $142.36.

Visteon Stock Performance

VC stock opened at $112.81 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. The stock has a market cap of $3.11 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.51 and a beta of 1.65. The firm has a 50 day simple moving average of $113.46 and a 200 day simple moving average of $118.08. Visteon has a 52 week low of $105.19 and a 52 week high of $159.87.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. Research analysts anticipate that Visteon will post 8.68 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Large investors have recently bought and sold shares of the business. Tectonic Advisors LLC bought a new stake in Visteon during the 4th quarter worth approximately $3,187,000. Westfield Capital Management Co. LP boosted its position in Visteon by 11.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company’s stock worth $91,697,000 after acquiring an additional 65,593 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Visteon by 1,842.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company’s stock worth $3,789,000 after acquiring an additional 26,031 shares during the last quarter. Comerica Bank acquired a new position in Visteon during the 3rd quarter worth approximately $12,222,000. Finally, AQR Capital Management LLC boosted its position in Visteon by 40.4% during the 3rd quarter. AQR Capital Management LLC now owns 66,670 shares of the company’s stock worth $9,205,000 after acquiring an additional 19,196 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.