JPMorgan Chase & Co. Reiterates “Overweight” Rating for Visteon Corp (VC)
Visteon Corp (NYSE:VC)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a $122.00 target price on the stock, down from their previous target price of $125.00. JPMorgan Chase & Co.’s target price indicates a potential upside of 22.48% from the stock’s previous close.
VC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Visteon Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $101.40 price target on the stock. Separately, analysts at Barclays downgraded shares of Visteon Corp from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 14th. They now have a $100.00 price target on the stock. Finally, analysts at Gabelli initiated coverage on shares of Visteon Corp in a research note on Wednesday, June 4th. They set a “buy” rating and a $112.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.91.
Visteon Corp (NYSE:VC) traded down 0.60% during mid-day trading on Thursday, hitting $99.0101. The stock had a trading volume of 259,807 shares. Visteon Corp has a 1-year low of $65.60 and a 1-year high of $100.79. The stock’s 50-day moving average is $97.23 and its 200-day moving average is $89.3. The company has a market cap of $4.794 billion and a P/E ratio of 7.87.
Visteon Corp (NYSE:VC) last announced its earnings results on Wednesday, August 6th. The company reported ($3.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $4.20. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Visteon Corp will post $3.22 EPS for the current fiscal year.
Visteon Corporation (NYSE:VC) is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers (OEM), including BMW, Chrysler, Daimler, Ford, General Motors, Honda, Hyundai, Kia, Nissan, PSA Peugeot Citroen, Renault, Toyota and Volkswagen.
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