JPMorgan Chase & Co. Issues Positive Forecast for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its price target raised by JPMorgan Chase & Co. from $90.00 to $97.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also commented on VC. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays reiterated an “equal weight” rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $74.00 price target (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.58.

Visteon Stock Up 0.8 %

Shares of NASDAQ:VC opened at $80.54 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The business has a 50 day simple moving average of $78.18 and a two-hundred day simple moving average of $84.91. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94. The firm has a market capitalization of $2.20 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. On average, equities analysts predict that Visteon will post 8.42 EPS for the current year.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after buying an additional 408 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares during the last quarter. Signaturefd LLC grew its holdings in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the period. Finally, CX Institutional purchased a new position in Visteon during the first quarter valued at approximately $63,000. Institutional investors and hedge funds 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.