Wells Fargo & Company upgraded shares of Visteon Corporation (NYSE:VC) from a market perform rating to an outperform rating in a report released on Monday, MarketBeat reports. They currently have $140.00 price objective on the auto parts company’s stock.
VC has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) assumed coverage on Visteon Corporation in a research report on Monday, April 3rd. They set a buy rating and a $104.00 target price on the stock. Zacks Investment Research upgraded Visteon Corporation from a hold rating to a buy rating and set a $117.00 price objective for the company in a report on Thursday, July 13th. Gabelli lowered Visteon Corporation from a buy rating to a hold rating in a report on Friday, July 28th. They noted that the move was a valuation call. UBS AG lowered Visteon Corporation from a buy rating to a neutral rating and increased their price objective for the company from $108.00 to $113.00 in a report on Monday. Finally, Morgan Stanley upgraded Visteon Corporation from an equal weight rating to an overweight rating and set a $115.00 price objective for the company in a report on Friday, May 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Visteon Corporation has a consensus rating of Buy and a consensus target price of $113.00.
Visteon Corporation (NYSE VC) opened at 108.70 on Monday. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $112.11. The stock has a market cap of $3.39 billion, a PE ratio of 26.28 and a beta of 0.91. The stock has a 50 day moving average price of $103.05 and a 200 day moving average price of $97.99.
Visteon Corporation (NYSE:VC) last announced its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.14. The business had revenue of $774 million for the quarter, compared to analysts’ expectations of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. On average, analysts predict that Visteon Corporation will post $6.07 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Visteon Corporation by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after buying an additional 526 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Visteon Corporation by 13.9% in the second quarter. Gamco Investors INC. ET AL now owns 148,381 shares of the auto parts company’s stock worth $15,144,000 after buying an additional 18,106 shares during the period. Comerica Bank raised its position in shares of Visteon Corporation by 428.7% in the second quarter. Comerica Bank now owns 11,907 shares of the auto parts company’s stock worth $1,287,000 after buying an additional 9,655 shares during the period. SG Americas Securities LLC purchased a new position in shares of Visteon Corporation during the second quarter worth about $246,000. Finally, First Trust Advisors LP raised its position in shares of Visteon Corporation by 16.8% in the second quarter. First Trust Advisors LP now owns 43,853 shares of the auto parts company’s stock worth $4,476,000 after buying an additional 6,300 shares during the period.
Visteon Corporation Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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