Visteon Co. (NASDAQ:VC - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $65.59 and last traded at $67.70, with a volume of 21120 shares trading hands. The stock had previously closed at $67.27.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. UBS Group reiterated a "neutral" rating and set a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research report on Thursday. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target for the company. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research note on Thursday. Morgan Stanley lowered their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Wells Fargo & Company increased their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Visteon has a consensus rating of "Hold" and an average target price of $108.75.
Get Our Latest Stock Report on Visteon
Visteon Stock Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a 50 day moving average of $81.08 and a 200 day moving average of $86.75. The stock has a market capitalization of $1.88 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.42 and a beta of 1.32.
Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities analysts predict that Visteon Co. will post 8.42 EPS for the current year.
Hedge Funds Weigh In On Visteon
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Visteon by 89.3% during the 3rd quarter. FMR LLC now owns 3,354 shares of the company's stock worth $319,000 after buying an additional 1,582 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Visteon during the third quarter valued at approximately $164,000. State Street Corp raised its holdings in Visteon by 0.4% during the third quarter. State Street Corp now owns 1,024,865 shares of the company's stock worth $97,608,000 after purchasing an additional 3,918 shares in the last quarter. XTX Topco Ltd acquired a new stake in Visteon in the third quarter worth approximately $230,000. Finally, Barclays PLC boosted its stake in Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company's stock valued at $6,068,000 after purchasing an additional 23,893 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Visteon Company Profile
(
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.
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