JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Visteon (NASDAQ:VC) Stock

Visteon (NASDAQ:VC) had its target price raised by stock analysts at JPMorgan Chase & Co. from $90.00 to $97.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 19.52% from the company’s previous close.

Several other research analysts have also issued reports on VC. The Goldman Sachs Group restated a “neutral” rating and issued a $74.00 price target (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. UBS Group reissued a “neutral” rating and set a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Royal Bank of Canada dropped their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. TD Cowen assumed coverage on shares of Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $98.58.

Visteon Trading Up 1.6 %

VC traded up $1.27 during mid-day trading on Monday, reaching $81.16. The stock had a trading volume of 48,748 shares, compared to its average volume of 304,640. The firm’s fifty day simple moving average is $78.33 and its two-hundred day simple moving average is $84.98. The stock has a market capitalization of $2.21 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.42 and a beta of 1.23. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. On average, equities analysts predict that Visteon will post 8.42 EPS for the current year.

Institutional Investors Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after acquiring an additional 408 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC raised its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional bought a new position in shares of Visteon in the 1st quarter worth $63,000. 99.71% of the stock is owned by institutional investors.

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.