Visteon (NASDAQ:VC) Hits New 12-Month Low – Here’s Why

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Wells Fargo & Company lowered their price target on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Royal Bank of Canada cut their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group decreased their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Finally, Barclays dropped their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon Stock Performance

The firm’s fifty day simple moving average is $90.26 and its 200 day simple moving average is $95.94. The company has a market capitalization of $2.30 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 0.44 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 posted its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same period last year, the company earned $2.35 earnings per share. Visteon’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, research analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Hedge Funds Weigh In On Visteon

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in Visteon by 1,459.9% in the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Visteon during the 3rd quarter valued at approximately $10,779,000. Millennium Management LLC grew its stake in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after acquiring an additional 111,377 shares during the period. Lodge Hill Capital LLC purchased a new stake in Visteon in the 2nd quarter worth $11,204,000. Finally, JPMorgan Chase & Co. raised its position in Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after acquiring an additional 88,288 shares during the period. Hedge funds and other 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.