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

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

A number of other research analysts have also issued reports on the company. Wells Fargo & Company upgraded 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 research report on Friday, September 20th. Robert W. Baird reissued a “neutral” rating and set a $120.00 target price (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Barclays reduced their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, Citigroup cut their target price on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Six 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.93.

Visteon Stock Down 4.2 %

VC stock opened at $87.72 on Monday. The stock has a market cap of $2.42 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The firm’s 50-day simple moving average is $95.04 and its 200 day simple moving average is $104.23. Visteon has a fifty-two week low of $87.64 and a fifty-two week high of $136.40. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. Visteon’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. As a group, sell-side analysts predict that Visteon will post 8.01 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 in the company, valued at approximately $669,039.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Visteon in the first quarter worth $48,000. Mather Group LLC. purchased a new stake in shares of Visteon during the second quarter worth $59,000. Acadian Asset Management LLC acquired a new stake in Visteon during the second quarter valued at $89,000. Finally, Motco purchased a new position in Visteon in the first quarter valued at about $106,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.