Visteon (NASDAQ:VC) Sets New 52-Week Low - Here's Why

Shares of Visteon Co. (NASDAQ:VC - Get Free Report) hit 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VC shares. Wells Fargo & Company raised 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. TD Cowen initiated coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Morgan Stanley dropped their target price on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Barclays decreased their price target on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $117.25.

Visteon Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $1.84 billion, a PE ratio of 6.89, a P/E/G ratio of 0.42 and a beta of 1.32. The firm has a fifty day moving average price of $82.84 and a 200 day moving average price of $87.79.

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Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC increased its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after acquiring an additional 754 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.