Visteon (NASDAQ:VC) Price Target Lowered to $110.00 at JPMorgan Chase & Co.

Visteon (NASDAQ:VC) had its price objective cut by JPMorgan Chase & Co. from $118.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently weighed in on VC. Wells Fargo & Company lowered their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. UBS Group cut their target price on shares of Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Morgan Stanley increased their price target on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Barclays dropped their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Finally, Robert W. Baird cut their price objective on shares of Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and an average target price of $122.33.

Visteon Stock Performance

VC stock opened at $91.82 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10. The company has a market cap of $2.46 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The stock’s fifty day moving average price is $96.97 and its 200-day moving average price is $106.51.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The company had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.Visteon’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.44 earnings per share. On average, equities analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.375 per share. This is a positive change from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.50 annualized dividend and a dividend yield of 1.6%. Visteon’s payout ratio is currently 15.91%.

Insider Activity at Visteon

In related news, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. This trade represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of VC. Farther Finance Advisors LLC grew its stake in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Visteon during the 3rd quarter valued at about $30,000. USA Financial Formulas bought a new position in shares of Visteon in the 3rd quarter valued at about $44,000. EMC Capital Management bought a new position in shares of Visteon in the 2nd quarter valued at about $45,000. Finally, Plato Investment Management Ltd purchased a new position in Visteon in the third quarter worth about $48,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

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.