JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Visteon (NASDAQ:VC) Stock

Visteon (NASDAQ:VC) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $104.00 to $122.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.40% from the company’s current price.

A number of other analysts also recently weighed in on the company. Bank of America upped their target price on Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Barclays upped their target price on Visteon from $120.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their target price on Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Robert W. Baird set a $144.00 target price on Visteon in a research report on Wednesday, September 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $136.00 target price on shares of Visteon in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average price target of $132.38.

Visteon Price Performance

Shares of NASDAQ VC opened at $116.86 on Monday. The firm has a market cap of $3.19 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The business’s 50 day moving average is $121.70 and its 200-day moving average is $102.01.

Visteon (NASDAQ:VC) last announced 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. The company had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. Equities research analysts predict that Visteon will post 8.42 earnings per share for the current year.

Insider Activity

In other news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon 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 transaction, the senior vice president owned 6,698 shares in the company, 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 is accessible through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the sale, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,102 shares of company stock worth $1,338,295. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

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