Visteon (NASDAQ:VC) Sets New 52-Week Low at $96.36

Visteon Co. (NASDAQ:VC)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $96.36 and last traded at $96.73, with a volume of 198451 shares trading hands. The stock had previously closed at $98.25.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. UBS Group decreased their target price on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Citigroup dropped their target price on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Morgan Stanley cut their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Baird R W lowered Visteon from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average target price of $131.62.

Visteon Stock Performance

The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 5.50, a PEG ratio of 0.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The firm’s fifty day moving average is $106.53 and its 200 day moving average is $111.50.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.18 earnings per share. Visteon’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Visteon Co. will post 8.06 EPS for the current fiscal year.

Insider Activity

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Visteon during the first quarter valued at about $48,000. CWM LLC raised its position in shares of Visteon by 53.6% during the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after buying an additional 140 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after buying an additional 178 shares during the period. 99.71% of the stock is currently owned by 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.