Visteon Co. (NASDAQ:VC - Get Free Report) shares hit 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.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on VC. 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 research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Barclays cut their price objective on Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company reduced their price objective on shares of Visteon from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.15.
Read Our Latest Research Report on Visteon
Visteon Stock Up 0.0 %
The company has a market capitalization of $2.30 billion, a price-to-earnings 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 quick ratio of 1.47 and a current ratio of 1.82. The firm's 50-day simple moving average is $90.26 and its 200-day simple moving average is $95.94.
Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. Sell-side analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.
Institutional Trading of Visteon
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company's stock valued at $40,000 after buying an additional 134 shares during the period. Franklin Resources Inc. raised its holdings in Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after purchasing an additional 171 shares during the period. Covestor Ltd boosted its position in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after purchasing an additional 202 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock worth $306,000 after buying an additional 215 shares during the period. Finally, KBC Group NV increased its holdings in shares of Visteon by 37.7% in the third 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. 99.71% of the stock is owned by institutional investors.
About Visteon
(
Get Free Report)
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.
Further Reading
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