Visteon (NASDAQ:VC) Price Target Lowered to $122.00 at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price target reduced by JPMorgan Chase & Co. from $132.00 to $122.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts also recently commented on VC. Robert W. Baird reiterated a “neutral” rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a research report on Friday, July 12th. Baird R W downgraded Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Citigroup cut their price target on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Finally, The Goldman Sachs Group cut their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $127.93.

Visteon Stock Up 5.5 %

Visteon stock opened at $92.47 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. Visteon has a 1-year low of $86.77 and a 1-year high of $136.40. The company has a market cap of $2.55 billion, a PE ratio of 4.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The stock’s 50 day moving average price is $94.67 and its 200 day moving average price is $103.97.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.29. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same period in the previous year, the business earned $2.35 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Visteon will post 8.01 EPS for the current fiscal year.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its holdings in Visteon by 0.3% in the first quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after purchasing an additional 91 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC boosted its holdings in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. nVerses Capital LLC boosted its holdings in Visteon by 22.2% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Visteon by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

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.