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

Visteon Co. (NASDAQ:VC) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $81.74 and last traded at $83.24, with a volume of 183280 shares trading hands. The stock had previously closed at $82.46.

Wall Street Analyst Weigh In

Several research firms have recently commented on VC. Wells Fargo & Company decreased their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Royal Bank of Canada dropped their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Barclays dropped their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average price target of $127.15.

Visteon Stock Up 1.0 %

The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.35 billion, a PE ratio of 4.61, a PEG ratio of 0.36 and a beta of 1.45. The company’s 50 day moving average price is $90.12 and its two-hundred day moving average price is $95.78.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.35 earnings per share. On average, equities research analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its position in shares of Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after buying an additional 134 shares in the last quarter. KBC Group NV raised its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Visteon in the second quarter worth $89,000. Covestor Ltd lifted its position in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in Visteon during the third quarter valued at $164,000. Institutional investors 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.