Robert W. Baird Boosts Visteon (NASDAQ:VC) Price Target to $86.00

Visteon (NASDAQ:VC - Get Free Report) had its price target hoisted by Robert W. Baird from $76.00 to $86.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price indicates a potential upside of 8.87% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reduced their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group reissued a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 price target (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $100.67.

Visteon Trading Up 1.2 %

NASDAQ VC traded up $0.97 on Friday, hitting $78.99. 395,401 shares of the stock were exchanged, compared to its average volume of 304,386. Visteon has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.42 and a beta of 1.32. The company's 50-day moving average price is $79.25 and its two-hundred day moving average price is $85.37.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Research analysts predict that Visteon will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. LPL Financial LLC raised its position in Visteon by 2.6% in the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after acquiring an additional 156 shares during the period. Franklin Resources Inc. increased its stake in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. increased its stake in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock worth $346,000 after purchasing an additional 175 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock worth $756,000 after purchasing an additional 182 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock worth $402,000 after purchasing an additional 216 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

About Visteon

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.