Visteon (NASDAQ:VC) Shares Gap Up to $90.79

Visteon Co. (NASDAQ:VC - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $90.79, but opened at $94.03. Visteon shares last traded at $93.57, with a volume of 1,108 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup reduced their price target on shares of Visteon from $139.00 to $126.00 and set a "buy" rating for the company in a report on Friday, July 12th. Baird R W lowered shares of Visteon from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. Royal Bank of Canada decreased their target price on Visteon from $144.00 to $129.00 and set an "outperform" rating on the stock in a research report on Thursday, August 22nd. TD Cowen cut their price target on Visteon from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, July 26th. Finally, Wolfe Research started coverage on Visteon in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus target price of $129.86.

Visteon Trading Down 1.3 %

The business has a 50-day moving average price of $102.22 and a two-hundred day moving average price of $108.02. The company has a market cap of $2.55 billion, a P/E ratio of 5.28, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. Visteon's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 earnings per share. On average, analysts predict that Visteon Co. will post 8.06 EPS for the current year.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company's stock, valued at approximately $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company's stock worth $344,520,000 after purchasing an additional 48,457 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after buying an additional 137,264 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Visteon by 1.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company's stock worth $86,234,000 after acquiring an additional 8,941 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after purchasing an additional 83,840 shares during the period. Finally, Millennium Management LLC raised its stake in Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after buying an additional 111,377 shares during the period. 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.