Wells Fargo & Company Lowers Visteon (NASDAQ:VC) Price Target to $119.00

Visteon (NASDAQ:VC - Get Free Report) had its target price dropped by equities research analysts at Wells Fargo & Company from $122.00 to $119.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 31.55% from the company's current price.

VC has been the subject of several other research reports. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. The Goldman Sachs Group dropped their price objective on shares of Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a research note on Tuesday, October 1st. Wolfe Research started coverage on Visteon in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, Royal Bank of Canada cut their price target on Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.15.

Visteon Trading Down 2.9 %

Shares of VC stock traded down $2.67 during trading hours on Monday, hitting $90.46. 254,798 shares of the company were exchanged, compared to its average volume of 278,192. Visteon has a 1 year low of $86.27 and a 1 year high of $131.43. The firm has a fifty day moving average of $92.07 and a 200 day moving average of $98.72. The firm has a market cap of $2.50 billion, a PE ratio of 4.91, a PEG ratio of 0.44 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.35 EPS. Analysts expect that Visteon will post 8.2 earnings per share for the current year.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company's stock valued at $31,000 after acquiring an additional 119 shares during the period. Acadian Asset Management LLC bought a new position in Visteon in the 2nd quarter worth about $89,000. KBC Group NV increased its stake in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares during the period. nVerses Capital LLC raised its holdings in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company's stock valued at $117,000 after buying an additional 200 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after buying an additional 202 shares during the period. Institutional investors own 99.71% of the company's stock.

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.