Visteon (NASDAQ:VC) Price Target Cut to $135.00 by Analysts at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $144.00 to $135.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 25.73% from the company’s current price.

Several other equities research analysts have also commented on VC. Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Morgan Stanley reduced their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. UBS Group reduced their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $120.00 price objective (down previously from $137.00) on shares of Visteon in a research report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.17.

Visteon Trading Down 0.2 %

Shares of VC opened at $107.37 on Monday. Visteon has a 1-year low of $101.42 and a 1-year high of $159.31. The company has a 50-day moving average of $108.53 and a 200 day moving average of $112.80. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.49 and a beta of 1.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37.

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

Institutional Trading of Visteon

Large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its holdings in shares of Visteon by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after acquiring an additional 91 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Visteon by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Visteon by 4.9% in the 1st quarter. Fifth Third Bancorp now owns 2,697 shares of the company’s stock valued at $317,000 after acquiring an additional 127 shares during the last quarter. CWM LLC boosted its holdings in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during 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.