What Can We Expect From Visteon Corp (NYSE:VC) After Wells Fargo’s Latest Coverage?

June 24, 2018 - By Migdalia James

Visteon Corporation (NASDAQ:VC) Logo

Investors sentiment decreased to 0.7 in Q1 2018. Its down 0.34, from 1.04 in 2017Q4. It dropped, as 35 investors sold Visteon Corporation shares while 100 reduced holdings. 43 funds opened positions while 51 raised stakes. 29.00 million shares or 1.27% less from 29.37 million shares in 2017Q4 were reported.

Driehaus Mgmt Ltd holds 0.04% of its portfolio in Visteon Corporation (NASDAQ:VC) for 10,538 shares. Piedmont Invest Advsrs Limited Co reported 11,831 shares stake. Avalon Glob Asset Mngmt Limited Liability Company reported 1.33% stake. Argent, Missouri-based fund reported 7,065 shares. California State Teachers Retirement Sys stated it has 0.01% in Visteon Corporation (NASDAQ:VC). State Of Alaska Department Of Revenue accumulated 2,880 shares or 0.01% of the stock. Cibc Ww Mkts, New York-based fund reported 35,000 shares. Neuberger Berman Grp Inc Llc holds 0.03% or 249,008 shares in its portfolio. Point72 Asset Mgmt L P holds 141,200 shares. Hudson Bay Limited Partnership stated it has 8,185 shares. Moreover, First Trust Limited Partnership has 0.01% invested in Visteon Corporation (NASDAQ:VC). Citigroup has invested 0% in Visteon Corporation (NASDAQ:VC). Cubist Systematic Strategies Ltd Co invested in 0.17% or 25,757 shares. Mckinley Management Limited Liability Com Delaware holds 0.84% in Visteon Corporation (NASDAQ:VC) or 131,225 shares. Hanson Mcclain Inc reported 1 shares stake.

Since January 2, 2018, it had 0 insider purchases, and 6 selling transactions for $2.10 million activity.

Why Has Wells Fargo Given Visteon Corp (NYSE:VC) a $146.0000 Price Target

In a report issued to investors and clients on 20 June, research analysts at Wells Fargo has initiated coverage for Visteon Corp (NYSE:VC) shares. The firm has decided to set a “Buy” rating along with a $146.0000, adding 10.72 % to the target.

Visteon Corporation (NASDAQ:VC) Ratings Coverage

Among 13 analysts covering Visteon (NYSE:VC), 8 have Buy rating, 1 Sell and 4 Hold. Therefore 62% are positive. Visteon has $170 highest and $123 lowest target. $144.33’s average target is 9.45% above currents $131.87 stock price. Visteon had 19 analyst reports since January 5, 2018 according to SRatingsIntel. As per Wednesday, January 10, the company rating was maintained by FBR Capital. JP Morgan downgraded it to “Neutral” rating and $137 target in Monday, January 22 report. The stock of Visteon Corporation (NASDAQ:VC) has “Buy” rating given on Tuesday, January 16 by FBR Capital. The stock has “Outperform” rating by Robert W. Baird on Monday, April 9. The firm has “Neutral” rating by Citigroup given on Tuesday, May 8. On Monday, April 16 the stock rating was initiated by Cowen & Co with “Buy”. The rating was maintained by RBC Capital Markets on Friday, January 19 with “Hold”. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 22. The firm has “Buy” rating by FBR Capital given on Thursday, February 22. The stock has “Hold” rating by J.P. Morgan on Monday, January 22.

The stock decreased 1.82% or $2.45 during the last trading session, reaching $131.87. About 527,430 shares traded or 60.18% up from the average. Visteon Corporation (NYSE:VC) has risen 28.51% since June 24, 2017 and is uptrending. It has outperformed by 15.94% the S&P500.

Analysts await Visteon Corporation (NASDAQ:VC) to report earnings on July, 26. They expect $1.49 EPS, up 7.97 % or $0.11 from last year’s $1.38 per share. VC’s profit will be $44.02M for 22.13 P/E if the $1.49 EPS becomes a reality. After $2.08 actual EPS reported by Visteon Corporation for the previous quarter, Wall Street now forecasts -28.37 % negative EPS growth.

Visteon Corporation designs, engineers, and makes electronics products for original equipment vehicle manufacturers worldwide. The company has market cap of $3.90 billion. The firm provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media and enable mobile connectivity applications. It has a 23.44 P/E ratio. It also offers audio systems, including audio head units, amplifiers, and analog and digital radios; telematics control unit to enable secure connected car services, software updates, and data; SmartCore, an automotive-grade, integrated domain controller to enhance efficiency, and reduce power consumption and cost; and head-up displays , such as combiner HUD and windshield HUD that present critical information to the driver.

Another recent and important Visteon Corporation (NASDAQ:VC) news was published by Nasdaq.com which published an article titled: “Market Trends Toward New Normal in The Chefs’ Warehouse, Global Brass and Copper, American Woodmark …” on June 20, 2018.

Visteon Corporation (NASDAQ:VC) Institutional Positions Chart

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