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

Key Points

• JPMorgan Chase & Co. raised its price target for Visteon (NASDAQ:VC) from $104.00 to $122.00, indicating a potential upside of 6.44% from the last closing price.
• Visteon has received multiple upgrades from analysts, with a consensus target price of $132.38 and an average rating of "Moderate Buy."
• The company's latest quarterly earnings beat expectations, reporting $2.39 EPS against a consensus estimate of $2.04, while also showing a revenue of $969 million.

Visteon (NASDAQ:VC - Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $104.00 to $122.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 6.44% from the company's previous close.

VC has been the subject of a number of other reports. Wall Street Zen upgraded Visteon from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Baird R W raised Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Bank of America increased their price objective on shares of Visteon from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Robert W. Baird set a $144.00 target price on Visteon in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Visteon in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Visteon has an average rating of "Moderate Buy" and a consensus target price of $132.38.

Visteon Price Performance

Shares of Visteon stock traded up $0.84 during trading on Monday, reaching $114.62. 455,653 shares of the company's stock were exchanged, compared to its average volume of 374,961. The firm's 50-day moving average price is $121.71 and its 200 day moving average price is $101.61. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market cap of $3.13 billion, a P/E ratio of 10.93, a PEG ratio of 2.71 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Insider Activity

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the sale, the senior vice president owned 18,838 shares of the company's stock, valued at $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,102 shares of company stock valued at $1,338,295. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after purchasing an additional 204 shares in the last quarter. USA Financial Formulas purchased a new stake in Visteon in the third quarter worth about $44,000. EMC Capital Management bought a new position in shares of Visteon during the second quarter valued at approximately $45,000. GAMMA Investing LLC lifted its holdings in shares of Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after purchasing an additional 426 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

About Visteon

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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