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

Visteon Co. (NASDAQ:VC) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $75.10 and last traded at $77.46, with a volume of 251 shares traded. The stock had previously closed at $78.96.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Cowen began coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Morgan Stanley lowered their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Barclays decreased their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada dropped their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Visteon Stock Down 3.3 %

The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.42 and a beta of 1.32. The business’s 50 day moving average is $83.16 and its 200-day moving average is $88.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. On average, sell-side analysts predict that Visteon Co. will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently made changes to their positions in VC. Quadrant Capital Group LLC lifted its stake in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC raised its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds 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.