Visteon (NASDAQ:VC) Price Target Cut to $137.00 by Analysts at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price target reduced by investment analysts at Wells Fargo & Company from $139.00 to $137.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 17.28% from the stock’s previous close.

Several other analysts have also commented on the stock. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group lifted their price objective on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. TD Cowen reiterated a “buy” rating on shares of Visteon in a research note on Monday. Robert W. Baird increased their target price on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley set a $115.00 price target on shares of Visteon in a report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average price target of $132.75.

Visteon Stock Down 1.1%

Shares of VC traded down $1.34 during trading hours on Thursday, hitting $116.82. The company had a trading volume of 250,983 shares, compared to its average volume of 579,645. The company has a market capitalization of $3.12 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Visteon has a one year low of $83.49 and a one year high of $129.10. The company’s fifty day moving average price is $112.48 and its two-hundred day moving average price is $101.52.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. During the same quarter last year, the company earned $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Visteon will post 8.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Visteon

In other news, SVP Seungkyung Kim sold 600 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total value of $71,376.00. Following the sale, the senior vice president owned 389 shares in the company, valued at $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert R. Vallance sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total transaction of $119,400.00. Following the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,085,798.60. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 58,901 shares of company stock worth $6,699,220. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Visteon during the third quarter worth about $54,000. UMB Bank n.a. grew its holdings in Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares during the period. Clearstead Advisors LLC raised its position in Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after acquiring an additional 373 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Visteon by 1,195.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after acquiring an additional 550 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.