Visteon (NASDAQ:VC – Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $170.00 to $145.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 46.80% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. Morgan Stanley upped their price target on shares of Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Robert W. Baird reissued a “neutral” rating and issued a $121.00 price objective on shares of Visteon in a research report on Friday, June 26th. TD Cowen raised their price objective on shares of Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.18.
Read Our Latest Stock Analysis on Visteon
Visteon Trading Down 1.2%
Visteon (NASDAQ:VC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) 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 return on equity of 14.61% and a net margin of 5.58%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 earnings per share. On average, equities research analysts anticipate that Visteon will post 8.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Visteon
Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Visteon during the second quarter valued at approximately $201,000. WINTON GROUP Ltd lifted its holdings in Visteon by 63.4% during the second quarter. WINTON GROUP Ltd now owns 23,460 shares of the company’s stock worth $2,327,000 after buying an additional 9,106 shares during the period. Engineers Gate Manager LP lifted its holdings in Visteon by 60.9% during the second quarter. Engineers Gate Manager LP now owns 88,766 shares of the company’s stock worth $8,806,000 after buying an additional 33,612 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Visteon during the 2nd quarter valued at $3,057,000. Finally, Baird Financial Group Inc. boosted its position in Visteon by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 77,143 shares of the company’s stock valued at $7,653,000 after acquiring an additional 3,617 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Visteon Company Profile
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.
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