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

Visteon Co. (NASDAQ:VC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $78.14 and last traded at $76.45, with a volume of 152748 shares traded. The stock had previously closed at $84.06.

Analysts Set New Price Targets

VC has been the topic of several recent research reports. StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Barclays decreased their target price on Visteon from $140.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada decreased their price objective 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. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on Visteon from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.23.

Visteon Trading Down 1.6 %

The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The business's 50-day moving average price is $87.85 and its two-hundred day moving average price is $93.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State Street Corp raised its holdings 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 purchasing an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after buying an additional 55,465 shares in the last quarter. Geode Capital Management LLC grew its stake in Visteon by 1.2% during the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company's stock worth $63,698,000 after buying an additional 7,743 shares during the period. Bank of New York Mellon Corp increased its position in shares of Visteon by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company's stock worth $56,857,000 after acquiring an additional 12,900 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Visteon by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock valued at $60,841,000 after acquiring an additional 88,288 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Visteon

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.