Visteon (NASDAQ:VC) Sets New 12-Month Low – Here’s What Happened

Visteon Co. (NASDAQ:VC)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $83.53 and last traded at $83.97, with a volume of 19328 shares trading hands. The stock had previously closed at $86.59.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VC. Wells Fargo & Company decreased their price target on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 price target on shares of Visteon in a research report on Tuesday, September 10th. Barclays cut their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $90.87 and its 200-day moving average price is $96.58. The stock has a market cap of $2.34 billion, a P/E ratio of 4.61, a PEG ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. During the same quarter last year, the firm posted $2.35 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently bought and sold shares of VC. Signaturefd LLC lifted its stake in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after acquiring an additional 134 shares during the period. Franklin Resources Inc. raised its stake in Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after buying an additional 171 shares during the last quarter. Covestor Ltd boosted its stake in shares of Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Visteon by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after acquiring an additional 215 shares during the period. Finally, KBC Group NV grew its stake in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.