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

Visteon Co. (NASDAQ:VC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $83.53 and last traded at $83.97, with a volume of 19328 shares changing hands. The stock had previously closed at $86.59.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Wells Fargo & Company cut their price objective on Visteon from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Royal Bank of Canada dropped their price target on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Barclays reduced their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.15.

Visteon Trading Down 1.9 %

The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 4.61, a P/E/G ratio of 0.44 and a beta of 1.45. 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 company's 50 day simple moving average is $90.69 and its 200 day simple moving average is $96.50.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same period in the prior year, the firm earned $2.35 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its position in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company's stock worth $40,000 after acquiring an additional 134 shares during the period. Acadian Asset Management LLC purchased a new position in Visteon in the 2nd quarter valued at $89,000. KBC Group NV raised its position in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after buying an additional 247 shares during the last quarter. Covestor Ltd lifted its stake in shares of Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after acquiring an additional 202 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Visteon in the third quarter valued at about $164,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.