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

Visteon (NASDAQ:VC - Get Free Report) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $97.00 to $101.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 7.71% from the stock's current price.

Several other research firms have also recently weighed in on VC. Guggenheim dropped their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reissued a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Barclays boosted their target price on shares of Visteon from $95.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visteon has an average rating of "Moderate Buy" and an average price target of $106.58.

Visteon Stock Performance

Shares of VC opened at $109.44 on Monday. The business's fifty day simple moving average is $93.04 and its two-hundred day simple moving average is $85.31. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 10.26 and a beta of 1.21. The company has a current ratio of 1.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. Visteon has a 12 month low of $65.10 and a 12 month high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released 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. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. During the same quarter last year, the business posted $1.61 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Research analysts anticipate that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares in the company, valued at $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Visteon

A number of institutional investors have recently bought and sold shares of VC. American Century Companies Inc. boosted its stake in shares of Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after acquiring an additional 536,073 shares in the last quarter. Norges Bank purchased a new stake in Visteon in the 4th quarter valued at approximately $29,468,000. Pacer Advisors Inc. raised its holdings in shares of Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock worth $21,092,000 after acquiring an additional 260,877 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of Visteon in the first quarter worth $17,068,000. Finally, Nuveen LLC acquired a new position in shares of Visteon in the first quarter worth $15,612,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.

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