Visteon (NASDAQ:VC) Given New $145.00 Price Target at JPMorgan Chase & Co.

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

Several other brokerages have also recently commented on VC. UBS Group raised Visteon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. Guggenheim decreased their target price on Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Royal Bank of Canada decreased their target price on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Finally, Bank of America lowered their target price 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $142.70.

Visteon Stock Performance

Shares of NASDAQ VC opened at $109.81 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.49 and a beta of 1.65. The stock’s fifty day simple moving average is $114.11 and its 200 day simple moving average is $118.71. Visteon has a 52-week low of $105.76 and a 52-week high of $159.87.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $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 large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Visteon during the 3rd quarter worth about $2,386,000. Avior Wealth Management LLC raised its holdings in Visteon by 12.9% in the 3rd quarter. Avior Wealth Management LLC now owns 3,082 shares of the company’s stock valued at $426,000 after acquiring an additional 352 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Visteon by 20.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company’s stock valued at $252,000 after acquiring an additional 304 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Visteon by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,381 shares of the company’s stock valued at $605,000 after acquiring an additional 277 shares in the last quarter. Finally, Redwood Investments LLC raised its holdings in Visteon by 15.1% in the 3rd quarter. Redwood Investments LLC now owns 96,050 shares of the company’s stock valued at $13,262,000 after acquiring an additional 12,606 shares in the last quarter. 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.