JPMorgan Chase & Co. Boosts Visteon (NASDAQ:VC) Price Target to $97.00

Visteon (NASDAQ:VC - Free Report) had its price target upped by JPMorgan Chase & Co. from $90.00 to $97.00 in a research note released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also weighed in on VC. Wells Fargo & Company boosted their target price on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. UBS Group reiterated a "neutral" rating and issued a $76.00 target price (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Barclays restated an "equal weight" rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Finally, Guggenheim dropped their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $98.58.

Visteon Stock Up 1.6 %

VC traded up $1.32 during midday trading on Monday, hitting $84.61. 261,439 shares of the company's stock traded hands, compared to its average volume of 306,453. 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 company has a market cap of $2.31 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The stock's fifty day simple moving average is $77.95 and its 200-day simple moving average is $84.79. Visteon has a one year low of $65.10 and a one year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The business 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%. Visteon's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. As a group, equities analysts anticipate that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Several institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC lifted its position in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares during the period. Quadrant Capital Group LLC grew its position in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after acquiring an additional 347 shares during the period. Signaturefd LLC grew its position in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after acquiring an additional 263 shares during the period. Finally, CX Institutional acquired a new position in Visteon during the first quarter worth $63,000. 99.71% of the stock is currently 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.