Robert W. Baird Raises Visteon (NASDAQ:VC) Price Target to $142.00

Visteon (NASDAQ:VCGet Rating) had its price objective boosted by Robert W. Baird from $131.00 to $142.00 in a research note released on Friday morning, The Fly reports.

VC has been the topic of a number of other research reports. Barclays decreased their price target on shares of Visteon from $145.00 to $140.00 and set an overweight rating on the stock in a report on Thursday, April 7th. Morgan Stanley decreased their price target on shares of Visteon from $93.00 to $91.00 and set an equal weight rating on the stock in a report on Thursday, July 14th. BNP Paribas upgraded shares of Visteon from a neutral rating to an outperform rating and lifted their price target for the company from $105.00 to $133.00 in a report on Monday, July 11th. Bank of America upgraded shares of Visteon from an underperform rating to a neutral rating and lifted their price target for the company from $122.00 to $140.00 in a report on Wednesday, April 6th. Finally, Exane BNP Paribas upgraded shares of Visteon from a neutral rating to an outperform rating in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $124.82.

Visteon Stock Up 4.2 %

VC stock opened at $127.58 on Friday. Visteon has a 12 month low of $88.82 and a 12 month high of $140.44. The company’s 50 day simple moving average is $108.34 and its 200-day simple moving average is $106.15. The firm has a market capitalization of $3.59 billion, a PE ratio of 77.32 and a beta of 1.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.32.

Visteon (NASDAQ:VCGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.68. Visteon had a net margin of 1.65% and a return on equity of 13.40%. The firm had revenue of $848.00 million for the quarter, compared to analyst estimates of $716.67 million. During the same quarter last year, the business earned ($0.32) earnings per share. Visteon’s revenue was up 39.0% compared to the same quarter last year. Equities analysts expect that Visteon will post 4.74 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Brett D. Pynnonen sold 2,000 shares of Visteon stock in a transaction on Monday, June 6th. The shares were sold at an average price of $113.75, for a total transaction of $227,500.00. Following the sale, the vice president now owns 8,111 shares of the company’s stock, valued at approximately $922,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jerome Rouquet sold 1,750 shares of Visteon stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $135.00, for a total transaction of $236,250.00. Following the sale, the chief financial officer now owns 4,943 shares of the company’s stock, valued at approximately $667,305. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brett D. Pynnonen sold 2,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $113.75, for a total transaction of $227,500.00. Following the transaction, the vice president now directly owns 8,111 shares of the company’s stock, valued at $922,626.25. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Visteon by 0.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 137,042 shares of the company’s stock worth $14,195,000 after acquiring an additional 1,235 shares in the last quarter. Strs Ohio grew its holdings in Visteon by 250.0% during the 2nd quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $145,000 after acquiring an additional 1,000 shares in the last quarter. Hellman Jordan Management Co. Inc. MA grew its holdings in Visteon by 38.2% during the 1st quarter. Hellman Jordan Management Co. Inc. MA now owns 14,585 shares of the company’s stock worth $1,592,000 after acquiring an additional 4,035 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Visteon by 8.3% in the 1st quarter. Bank of America Corp DE now owns 167,511 shares of the company’s stock valued at $18,280,000 after buying an additional 12,830 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Visteon by 47.1% in the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $1,637,000 after buying an additional 4,800 shares during the period.

About Visteon

(Get Rating)

Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.

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