Visteon (NASDAQ:VC) Reaches New 12-Month Low - What's Next?

Visteon Co. (NASDAQ:VC - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $85.83 and last traded at $86.63, with a volume of 273121 shares trading hands. The stock had previously closed at $89.69.

Wall Street Analyst Weigh In

VC has been the topic of several recent analyst reports. Barclays decreased their target price on Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. StockNews.com cut shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Royal Bank of Canada cut their target price on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Visteon from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group cut their price objective on Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $127.15.

Visteon Stock Performance

The firm has a market capitalization of $2.39 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The firm has a 50-day moving average price of $92.06 and a two-hundred day moving average price of $98.57.

Visteon (NASDAQ:VC - Get Free Report) last issued its 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. The business 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 quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.35 earnings per share. On average, analysts forecast that Visteon Co. will post 8.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after purchasing an additional 137,264 shares in the last quarter. State Street Corp grew its position in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company's stock worth $97,608,000 after buying an additional 3,918 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Visteon by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock worth $82,255,000 after acquiring an additional 55,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock valued at $71,552,000 after acquiring an additional 83,840 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company's stock valued at $63,698,000 after acquiring an additional 7,743 shares in the last quarter. 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.

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