Visteon (NASDAQ:VC) Hits New 12-Month Low – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. The Goldman Sachs Group reduced their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Barclays decreased their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.15.

Visteon Price Performance

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 firm has a market cap of $2.34 billion, a P/E ratio of 4.61, a P/E/G ratio of 0.44 and a beta of 1.45. The firm’s fifty day simple moving average is $90.87 and its 200 day simple moving average is $96.58.

Visteon (NASDAQ:VC) last released 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 net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the previous year, the company earned $2.35 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in Visteon by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after acquiring an additional 8,500 shares during the period. Mirabella Financial Services LLP boosted its position in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after purchasing an additional 13,390 shares in the last quarter. Royce & Associates LP grew its holdings in Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after purchasing an additional 44,460 shares during the period. Systematic Financial Management LP raised its stake in shares of Visteon by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after buying an additional 27,403 shares during the period. Finally, American Century Companies Inc. grew its stake in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares during the period. 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.