JPMorgan Chase & Co. Lowers Visteon (NASDAQ:VC) Price Target to $135.00

Visteon (NASDAQ:VC) had its target price reduced by JPMorgan Chase & Co. from $144.00 to $135.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

VC has been the topic of several other research reports. Barclays raised shares of Visteon from an equal weight rating to an overweight rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Citigroup dropped their target price on shares of Visteon from $139.00 to $126.00 and set a buy rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company dropped their target price on shares of Visteon from $108.00 to $107.00 and set an equal weight rating on the stock in a research report on Tuesday, June 25th. Guggenheim dropped their target price on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Finally, Baird R W downgraded shares of Visteon from a strong-buy rating to a hold rating in a research report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Visteon presently has an average rating of Moderate Buy and a consensus price target of $133.17.

Visteon Stock Down 0.9 %

Shares of Visteon stock opened at $106.37 on Monday. The firm’s 50 day moving average price is $108.32 and its 200-day moving average price is $112.75. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon has a 52-week low of $101.42 and a 52-week high of $159.06. The company has a market cap of $2.94 billion, a P/E ratio of 6.08, a PEG ratio of 0.49 and a beta of 1.46.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that Visteon will post 8.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Several large investors have recently made changes to their positions in VC. Pacer Advisors Inc. lifted its stake in shares of Visteon by 70.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,210 shares of the company’s stock valued at $1,025,000 after purchasing an additional 3,395 shares during the period. Tectonic Advisors LLC acquired a new position in shares of Visteon in the 4th quarter valued at $3,187,000. Washington Capital Management Inc. acquired a new position in shares of Visteon in the 4th quarter valued at $575,000. Advisors Preferred LLC acquired a new position in shares of Visteon in the 4th quarter valued at $2,207,000. Finally, Equitable Trust Co. raised its position in Visteon by 13.1% during the fourth quarter. Equitable Trust Co. now owns 3,185 shares of the company’s stock worth $398,000 after acquiring an additional 370 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.