Visteon (NASDAQ:VC) Price Target Raised to $128.00 at Citigroup

Visteon (NASDAQ:VCGet Rating) had its target price raised by Citigroup from $115.00 to $128.00 in a report issued on Tuesday morning, The Fly reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on VC. The Goldman Sachs Group lowered their price objective on shares of Visteon from $150.00 to $137.00 in a research note on Wednesday, June 1st. Exane BNP Paribas upgraded shares of Visteon from a neutral rating to an outperform rating in a research note on Monday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visteon from $130.00 to $140.00 in a research note on Friday, July 29th. Morgan Stanley lowered their price objective on shares of Visteon from $93.00 to $91.00 and set an equal weight rating on the stock in a research note on Thursday, July 14th. Finally, Wells Fargo & Company increased their price objective on shares of Visteon from $88.00 to $98.00 and gave the stock an underweight rating in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Visteon has a consensus rating of Moderate Buy and a consensus target price of $129.73.

Visteon Stock Performance

Shares of NASDAQ VC opened at $126.64 on Tuesday. The firm’s 50-day moving average price is $109.28 and its 200-day moving average price is $106.32. The company has a quick ratio of 1.36, a current ratio of 1.75 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.56 billion, a PE ratio of 43.82 and a beta of 1.78. Visteon has a 52-week low of $88.82 and a 52-week high of $140.44.

Visteon (NASDAQ:VCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.68. The firm had revenue of $848.00 million for the quarter, compared to the consensus estimate of $716.67 million. Visteon had a net margin of 2.66% and a return on equity of 20.53%. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS. As a group, analysts anticipate that Visteon will post 4.86 EPS for the current year.

Insider Activity

In other news, VP Brett D. Pynnonen sold 2,000 shares of Visteon stock in a transaction that occurred 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 in the company, valued at $922,626.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Brett D. Pynnonen sold 2,000 shares of Visteon stock in a transaction that occurred 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 in the company, valued at $922,626.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jerome Rouquet sold 1,750 shares of Visteon stock in a transaction that occurred 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 in the company, valued at approximately $667,305. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VC. Allspring Global Investments Holdings LLC purchased a new position in shares of Visteon in the fourth quarter valued at $1,012,000. Yousif Capital Management LLC purchased a new position in shares of Visteon in the fourth quarter valued at $1,757,000. Dupont Capital Management Corp purchased a new position in shares of Visteon in the fourth quarter valued at $815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Visteon by 40.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,038 shares of the company’s stock valued at $449,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Visteon by 9.2% during the fourth quarter. Fifth Third Bancorp now owns 3,783 shares of the company’s stock worth $420,000 after buying an additional 320 shares during the period.

Visteon Company Profile

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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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