Visteon (NASDAQ:VC) Hits New 1-Year Low – Here’s Why

Visteon Co. (NASDAQ:VC)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $86.38 and last traded at $86.38, with a volume of 3774 shares traded. The stock had previously closed at $87.11.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VC shares. TD Cowen dropped their target price on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. The Goldman Sachs Group reduced their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Morgan Stanley dropped their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Finally, Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

Visteon Price Performance

The stock has a 50 day simple moving average of $92.20 and a two-hundred day simple moving average of $101.26. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 EPS. On average, equities research analysts predict that Visteon Co. will post 8.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its position in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Visteon during the second quarter worth about $59,000. KBC Group NV lifted its stake in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after purchasing an additional 247 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Visteon during the second quarter worth about $89,000. Finally, nVerses Capital LLC increased its position in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

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.