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

Visteon (NASDAQ:VC) had its target price dropped by research analysts at JPMorgan Chase & Co. from $170.00 to $145.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 46.80% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $115.00 to $145.00 in a report on Monday, June 22nd. Finally, TD Cowen boosted their target price on Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.18.

Visteon Stock Down 1.2%

Shares of VC stock traded down $1.23 during mid-day trading on Tuesday, hitting $98.78. 73,045 shares of the stock traded hands, compared to its average volume of 558,283. The stock has a market cap of $2.64 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.65 and a beta of 1.30. The stock’s fifty day moving average is $104.02 and its two-hundred day moving average is $103.81. Visteon has a 52-week low of $83.49 and a 52-week high of $128.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45.

Visteon (NASDAQ:VC) last released its quarterly 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). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same quarter in the prior year, the business posted $2.39 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts predict that Visteon will post 8.41 EPS for the current year.

Institutional Investors Weigh In On Visteon

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in shares of Visteon by 9,536.7% during the second quarter. California State Teachers Retirement System now owns 3,150,910 shares of the company’s stock valued at $312,602,000 after buying an additional 3,118,213 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Visteon in the 2nd quarter worth $31,654,000. First Trust Advisors LP raised its stake in Visteon by 124.0% in the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock worth $47,290,000 after acquiring an additional 287,359 shares during the last quarter. Bank of America Corp DE lifted its position in Visteon by 130.1% during the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after acquiring an additional 224,097 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Visteon by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock worth $127,879,000 after acquiring an additional 175,679 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Visteon

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.