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

Visteon Co. (NASDAQ:VC)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $78.14 and last traded at $76.45, with a volume of 152748 shares traded. The stock had previously closed at $84.06.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VC shares. Royal Bank of Canada reduced their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wells Fargo & Company dropped their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays reduced their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $125.23.

Visteon Stock Up 1.7 %

The stock has a market capitalization of $2.28 billion, a P/E ratio of 4.49, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The company’s 50-day moving average price is $88.04 and its 200 day moving average price is $93.25.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in VC. State Street Corp lifted its position in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after buying an additional 3,918 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after acquiring an additional 55,465 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Visteon by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after acquiring an additional 7,743 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Visteon by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock valued at $56,857,000 after acquiring an additional 12,900 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares in the last quarter. 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.