Visteon (NASDAQ:VC) Price Target Lowered to $145.00 at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price objective decreased by JPMorgan Chase & Co. from $146.00 to $145.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group raised shares of Visteon from a neutral rating to a buy rating and lifted their price target for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Wolfe Research reaffirmed a peer perform rating on shares of Visteon in a research note on Thursday, January 4th. StockNews.com raised shares of Visteon from a hold rating to a buy rating in a report on Thursday, January 11th. Bank of America decreased their price objective on shares of Visteon from $165.00 to $160.00 and set a buy rating for the company in a report on Thursday, February 29th. Finally, Barclays raised shares of Visteon from an equal weight rating to an overweight rating and raised their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of Moderate Buy and an average target price of $142.70.

Visteon Stock Performance

Shares of VC stock opened at $109.66 on Monday. The company’s fifty day simple moving average is $113.72 and its 200-day simple moving average is $118.59. Visteon has a 52 week low of $105.19 and a 52 week high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.01 billion, a PE ratio of 6.38, a P/E/G ratio of 0.49 and a beta of 1.65.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $10.92. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The firm had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Visteon will post 8.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tectonic Advisors LLC acquired a new position in shares of Visteon in the 4th quarter valued at about $3,187,000. Westfield Capital Management Co. LP boosted its stake in Visteon by 11.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company’s stock valued at $91,697,000 after purchasing an additional 65,593 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Visteon by 1,842.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company’s stock valued at $3,789,000 after purchasing an additional 26,031 shares during the period. Comerica Bank acquired a new position in Visteon during the 3rd quarter valued at about $12,222,000. Finally, AQR Capital Management LLC boosted its stake in Visteon by 40.4% during the 3rd quarter. AQR Capital Management LLC now owns 66,670 shares of the company’s stock valued at $9,205,000 after purchasing an additional 19,196 shares during the period. 99.71% of the stock is 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.