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

Visteon (NASDAQ:VC) had its price objective lowered by JPMorgan Chase & Co. from $146.00 to $145.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently commented on VC. Guggenheim reduced their price target on Visteon from $136.00 to $126.00 and set a buy rating for the company in a report on Wednesday, April 17th. Royal Bank of Canada reduced their price target on Visteon from $188.00 to $146.00 and set an outperform rating for the company in a report on Thursday, March 7th. UBS Group raised Visteon from a neutral rating to a buy rating and lifted their price objective for the stock from $143.00 to $145.00 in a report on Wednesday, January 17th. Bank of America reduced their price objective on Visteon from $165.00 to $160.00 and set a buy rating for the company in a report on Thursday, February 29th. Finally, Barclays raised Visteon from an equal weight rating to an overweight rating and lifted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. One 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. Based on data from MarketBeat.com, Visteon currently has an average rating of Moderate Buy and an average price target of $142.70.

Visteon Trading Down 0.1 %

NASDAQ:VC opened at $108.00 on Monday. The stock’s 50 day moving average price is $114.24 and its 200 day moving average price is $118.87. The company has a market capitalization of $2.97 billion, a PE ratio of 6.29, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon has a 52-week low of $105.76 and a 52-week high of $159.87.

Visteon (NASDAQ:VC) last released its quarterly 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. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The firm had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $1.32 EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, research analysts anticipate that Visteon will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in 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 $59,000. Hedge funds and other 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.