Visteon (NASDAQ:VC) Hits New 1-Year Low – What’s Next?

Visteon Co. (NASDAQ:VC) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $83.53 and last traded at $83.97, with a volume of 19328 shares traded. The stock had previously closed at $86.59.

Analyst Upgrades and Downgrades

VC has been the subject of a number of recent research reports. Barclays dropped their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. The Goldman Sachs Group cut their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. 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. Finally, StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.15.

Visteon Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The firm’s fifty day moving average price is $90.58 and its 200 day moving average price is $96.42. The firm has a market cap of $2.35 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted 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 return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. During the same quarter in the prior year, the business earned $2.35 earnings per share. Visteon’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VC. Acadian Asset Management LLC purchased a new position in Visteon in the second quarter worth $89,000. Wedbush Securities Inc. acquired a new stake in shares of Visteon in the 2nd quarter worth $338,000. Texas Permanent School Fund Corp grew its stake in Visteon by 2.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 25,018 shares of the company’s stock worth $2,669,000 after buying an additional 678 shares during the last quarter. American Century Companies Inc. increased its position in Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after buying an additional 489,959 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in Visteon by 11.9% in the second quarter. Cornercap Investment Counsel Inc. now owns 9,931 shares of the company’s stock valued at $1,060,000 after buying an additional 1,058 shares during 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.