Visteon (NASDAQ:VC) Price Target Raised to $170.00

Visteon (NASDAQ:VC) had its target price upped by JPMorgan Chase & Co. from $168.00 to $170.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

VC has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 28th. Finally, Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $145.00 in a research report on Monday, June 22nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.54.

Visteon Stock Up 0.2%

Shares of NASDAQ:VC opened at $106.39 on Monday. The stock’s 50-day moving average price is $108.12 and its two-hundred day moving average price is $102.91. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. Visteon has a 12-month low of $83.49 and a 12-month high of $129.10. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.68 and a beta of 1.29.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS 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 company had revenue of $960.00 million for the quarter, compared to analyst estimates of $955.78 million. During the same period in the prior year, the company earned $2.39 EPS. The company’s revenue was down .9% compared to the same quarter last year. On average, research analysts forecast that Visteon will post 8.49 EPS for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.375 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.50 annualized dividend and a yield of 1.4%. Visteon’s dividend payout ratio (DPR) is presently 19.61%.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the sale, the senior vice president directly owned 18,469 shares in the company, valued at $2,151,638.50. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brett D. Pynnonen sold 5,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the senior vice president directly owned 8,503 shares of the company’s stock, valued at $1,020,360. The trade was a 37.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,600 shares of company stock valued at $1,023,776 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several large investors have recently added to or reduced their stakes in the stock. Amundi grew its stake in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after purchasing an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Visteon by 1.8% during the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock valued at $622,000 after buying an additional 116 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after buying an additional 123 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.