TD Cowen Increases Visteon (NASDAQ:VC) Price Target to $135.00

Visteon (NASDAQ:VC) had its price objective lifted by equities researchers at TD Cowen from $130.00 to $135.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 41.43% from the stock’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company dropped their target price on Visteon from $139.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley upped their price objective on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Visteon from $121.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised Visteon from a “neutral” rating to an “overweight” rating and upped their price target for the company from $108.00 to $165.00 in a report on Monday, June 22nd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.54.

Visteon Stock Down 7.4%

NASDAQ:VC traded down $7.63 during mid-day trading on Monday, hitting $95.45. The stock had a trading volume of 799,638 shares, compared to its average volume of 601,229. Visteon has a twelve month low of $83.49 and a twelve month high of $129.10. The stock has a 50-day simple moving average of $113.03 and a two-hundred day simple moving average of $101.63. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.55 billion, a PE ratio of 11.61, a PEG ratio of 1.29 and a beta of 1.26.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same period in the prior year, the company posted $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Visteon will post 8.58 EPS for the current year.

Insider Buying and Selling

In other news, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert R. Vallance sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,085,798.60. This trade represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 58,901 shares of company stock valued at $6,699,220 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Visteon by 32.1% in the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Visteon during the third quarter valued at $54,000. Clearstead Advisors LLC increased its position in Visteon by 183.7% during the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after purchasing an additional 373 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Visteon by 1,195.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after purchasing an additional 550 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.