Visteon (NASDAQ:VC) Price Target Cut to $122.00

Visteon (NASDAQ:VC) had its target price trimmed by JPMorgan Chase & Co. from $132.00 to $122.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently commented on VC. Baird R W cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Royal Bank of Canada decreased their target price on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Morgan Stanley cut their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Citigroup decreased their price objective on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.93.

Visteon Stock Performance

Shares of VC opened at $87.61 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The stock has a 50-day moving average of $94.84 and a two-hundred day moving average of $104.08. The stock has a market cap of $2.42 billion, a P/E ratio of 5.01, a P/E/G ratio of 0.44 and a beta of 1.45. Visteon has a one year low of $86.77 and a one year high of $136.40.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, research analysts predict that Visteon will post 8.01 EPS for the current year.

Insider Transactions at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at $669,039.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after purchasing an additional 134 shares during the last quarter. Creative Planning lifted its stake in shares of Visteon by 87.5% in the third quarter. Creative Planning now owns 8,914 shares of the company’s stock worth $849,000 after buying an additional 4,160 shares in the last quarter. Inspire Investing LLC boosted its position in Visteon by 31.0% during the third quarter. Inspire Investing LLC now owns 4,317 shares of the company’s stock worth $411,000 after acquiring an additional 1,022 shares during the last quarter. City Center Advisors LLC purchased a new stake in Visteon during the 3rd quarter valued at about $281,000. Finally, Handelsbanken Fonder AB raised its holdings in Visteon by 15.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,451 shares of the company’s stock valued at $805,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

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.