Deutsche Bank Aktiengesellschaft Increases Visteon (NASDAQ:VC) Price Target to $145.00

Visteon (NASDAQ:VC) had its target price boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $145.00 in a research note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 19.99% from the stock’s previous close.

VC has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of Visteon from a “hold” rating to a “buy” rating and decreased their price objective for the company from $122.00 to $116.00 in a research report on Monday, September 20th. Bank of America cut shares of Visteon from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $138.00 to $108.00 in a research report on Thursday, September 16th. They noted that the move was a valuation call. The Goldman Sachs Group reduced their price target on shares of Visteon from $120.00 to $104.00 and set a “neutral” rating on the stock in a research report on Sunday, September 26th. Zacks Investment Research upgraded shares of Visteon from a “sell” rating to a “hold” rating in a research report on Wednesday, December 8th. Finally, Wells Fargo & Company reduced their price target on shares of Visteon from $88.00 to $86.00 and set an “underweight” rating on the stock in a research report on Friday, October 29th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $119.36.

VC stock opened at $120.84 on Thursday. The firm’s 50-day moving average price is $114.89 and its two-hundred day moving average price is $111.08. Visteon has a 12-month low of $91.61 and a 12-month high of $146.15. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 122.06 and a beta of 2.04. The company has a current ratio of 1.73, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Wednesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Visteon had a net margin of 1.01% and a return on equity of 8.42%. The firm had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $647.16 million. During the same quarter in the previous year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities analysts predict that Visteon will post 0.52 EPS for the current year.

In other news, Director Francis M. Scricco sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $119.38, for a total value of $238,760.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Visteon in the fourth quarter worth approximately $30,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Visteon by 64.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 564 shares of the company’s stock worth $53,000 after buying an additional 220 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Visteon during the third quarter valued at approximately $57,000. First Mercantile Trust Co. bought a new position in Visteon during the third quarter valued at approximately $96,000. Finally, FORA Capital LLC bought a new position in Visteon during the second quarter valued at approximately $98,000.

Visteon Company Profile

Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.

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