Visteon (NASDAQ:VC) Price Target Raised to $122.00 at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price objective raised by JPMorgan Chase & Co. from $104.00 to $122.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $136.00 price target on shares of Visteon in a research report on Friday, October 10th. UBS Group reiterated a “buy” rating and issued a $146.00 price objective (up previously from $142.00) on shares of Visteon in a research note on Friday, July 25th. Cfra Research lowered shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Visteon from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.38.

Visteon Stock Performance

VC opened at $114.62 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon has a 12-month low of $65.10 and a 12-month high of $129.10. The business has a 50 day moving average of $121.74 and a 200-day moving average of $101.90. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 2.71 and a beta of 1.22.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share 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 business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same period in the previous year, the firm earned $2.54 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Visteon will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, November 18th. Visteon’s payout ratio is currently 10.49%.

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of the firm’s 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 sale, the senior vice president owned 6,698 shares of the company’s stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares in the company, valued at approximately $2,260,560. The trade was a 9.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,102 shares of company stock worth $1,338,295 over the last three months. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Visteon in the 3rd quarter valued at approximately $5,996,000. Merit Financial Group LLC lifted its stake in Visteon by 7.4% in the 3rd quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock valued at $297,000 after purchasing an additional 171 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Visteon in the third quarter valued at approximately $1,330,000. Ethic Inc. grew its stake in shares of Visteon by 7.5% during the third quarter. Ethic Inc. now owns 5,017 shares of the company’s stock worth $601,000 after buying an additional 349 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Visteon by 35.4% during the third quarter. CWM LLC now owns 10,585 shares of the company’s stock worth $1,269,000 after buying an additional 2,770 shares during the last quarter. Institutional investors 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.