Visteon (NASDAQ:VC - Get Free Report) had its price target lifted by analysts at JPMorgan Chase & Co. from $90.00 to $97.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 19.52% from the company's current price.
VC has been the topic of a number of other research reports. UBS Group reissued a "neutral" rating and issued a $76.00 target price (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Barclays reissued an "equal weight" rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Robert W. Baird increased their target price on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Morgan Stanley cut their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Visteon has a consensus rating of "Hold" and an average target price of $98.58.
Check Out Our Latest Stock Analysis on Visteon
Visteon Trading Up 1.6 %
Shares of VC stock traded up $1.27 on Monday, reaching $81.16. 48,748 shares of the stock were exchanged, compared to its average volume of 304,640. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.21 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The firm has a 50 day moving average of $78.33 and a two-hundred day moving average of $84.98. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94.
Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, research analysts anticipate that Visteon will post 8.42 EPS for the current year.
Hedge Funds Weigh In On Visteon
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. UMB Bank n.a. raised its holdings in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares in the last quarter. Parallel Advisors LLC grew its position in Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC increased its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional bought a new stake in Visteon in the first quarter valued at about $63,000. Institutional investors own 99.71% of the company's stock.
About Visteon
(
Get Free Report)
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.
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