Visteon (NASDAQ:VC) Price Target Raised to $104.00

Visteon (NASDAQ:VC) had its price target raised by JPMorgan Chase & Co. from $101.00 to $104.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the stock. Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $96.00 to $125.00 in a research note on Friday, July 11th. Baird R W raised shares of Visteon from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Barclays boosted their price objective on shares of Visteon from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. The Goldman Sachs Group restated a “buy” rating on shares of Visteon in a research note on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $106.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong 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 $115.58.

Visteon Stock Down 1.8%

Shares of NASDAQ VC opened at $111.71 on Monday. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94. The firm has a 50-day simple moving average of $97.24 and a two-hundred day simple moving average of $86.81. The company has a market cap of $3.05 billion, a P/E ratio of 10.65, a PEG ratio of 4.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%. The firm had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same period last year, the company earned $2.54 EPS. Visteon’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a $0.275 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 0.98%.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares of the company’s stock, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

A number of large investors have recently added to or reduced their stakes in VC. KLP Kapitalforvaltning AS purchased a new position in Visteon during the 4th quarter worth $515,000. LPL Financial LLC increased its holdings in shares of Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after acquiring an additional 156 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock valued at $258,106,000 after purchasing an additional 16,442 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Visteon in the 4th quarter valued at approximately $276,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Visteon by 26.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,828 shares of the company’s stock worth $3,038,000 after purchasing an additional 7,235 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.