Visteon (NASDAQ:VC) Given New $129.00 Price Target at Royal Bank Of Canada

Visteon (NASDAQ:VCGet Free Report) had its price objective cut by analysts at Royal Bank Of Canada from $130.00 to $129.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 21.41% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on VC. The Goldman Sachs Group increased their target price 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. Robert W. Baird restated a “neutral” rating and issued a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $145.00 in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Morgan Stanley boosted their target price on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.15.

Read Our Latest Research Report on VC

Visteon Price Performance

Visteon stock traded up $6.14 during mid-day trading on Friday, hitting $106.25. 134,184 shares of the company were exchanged, compared to its average volume of 597,905. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $110.83 and a 200 day moving average of $102.20. Visteon has a 1-year low of $83.49 and a 1-year high of $129.10. The company has a market capitalization of $2.84 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.77 and a beta of 1.29.

Visteon (NASDAQ:VCGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. During the same period in the previous year, the business posted $2.39 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Visteon will post 8.67 earnings per share for the current year.

Insider Activity at Visteon

In other Visteon news, SVP Brett D. Pynnonen sold 5,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the transaction, the senior vice president directly owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. The trade was a 37.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total transaction of $52,687.00. Following the transaction, the chief accounting officer owned 241 shares in the company, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,075 shares of company stock worth $1,076,463 in the last quarter. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in shares of Visteon by 124.0% during the first quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock valued at $47,290,000 after acquiring an additional 287,359 shares during the period. Boston Partners acquired a new stake in Visteon in the fourth quarter worth about $25,342,000. Squarepoint Ops LLC acquired a new stake in Visteon in the fourth quarter worth about $22,361,000. Bank of America Corp DE raised its holdings in Visteon by 130.1% during the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after purchasing an additional 224,097 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after purchasing an additional 187,347 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon News Summary

Here are the key news stories impacting Visteon this week:

About Visteon

(Get Free Report)

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.

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Analyst Recommendations for Visteon (NASDAQ:VC)

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