Visteon (NASDAQ:VC) Price Target Raised to $170.00 at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price target raised by equities researchers at JPMorgan Chase & Co. from $168.00 to $170.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 62.78% from the stock’s previous close.

VC has been the subject of several other research reports. TD Cowen boosted their price objective on Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 28th. The Goldman Sachs Group increased their price target on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley raised their price target on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.54.

Visteon Trading Up 0.3%

Shares of NASDAQ:VC traded up $0.30 on Monday, reaching $104.44. 197,683 shares of the company traded hands, compared to its average volume of 591,546. The stock has a market capitalization of $2.79 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.29. The business’s 50-day simple moving average is $109.07 and its 200 day simple moving average is $102.65. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $2.39 EPS. As a group, equities analysts anticipate that Visteon will post 8.49 EPS for the current fiscal year.

Insider Transactions at Visteon

In other news, SVP Seungkyung Kim sold 600 shares of Visteon stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. The trade was a 60.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brett D. Pynnonen sold 5,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the transaction, the senior vice president owned 8,503 shares in the company, valued at $1,020,360. This represents a 37.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,600 shares of company stock valued at $1,023,776. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of Visteon during the 2nd quarter worth approximately $31,654,000. Versant Capital Management Inc boosted its position in shares of Visteon by 58.7% during the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock valued at $58,000 after purchasing an additional 215 shares in the last quarter. Bank of America Corp DE grew its stake in Visteon by 130.1% in the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after purchasing an additional 224,097 shares during the period. Edgestream Partners L.P. grew its stake in Visteon by 355.9% in the first quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock worth $1,499,000 after purchasing an additional 12,843 shares during the period. Finally, Amundi raised its holdings in Visteon by 54.4% in the first quarter. Amundi now owns 8,178 shares of the company’s stock worth $745,000 after purchasing an additional 2,880 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.