JPMorgan Chase & Co. Lowers Visteon (NASDAQ:VC) Price Target to $145.00

Visteon (NASDAQ:VC) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $146.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 32.05% from the company’s previous close.

Several other analysts also recently commented on the company. Royal Bank of Canada dropped their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Guggenheim dropped their price target on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company lifted their price target on Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. Finally, Bank of America dropped their price target on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.70.

Visteon Stock Up 1.7 %

NASDAQ VC opened at $109.81 on Monday. The firm has a market cap of $3.02 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.49 and a beta of 1.65. Visteon has a one year low of $105.76 and a one year high of $159.87. The stock’s 50 day simple moving average is $114.11 and its 200 day simple moving average is $118.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $10.92. The firm had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. As a group, sell-side analysts forecast that Visteon will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Several institutional investors have recently modified their holdings of VC. Covestor Ltd boosted its holdings in Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. CWM LLC boosted its holdings in Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Visteon in the fourth quarter valued at approximately $59,000. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.