Visteon (NASDAQ:VC) Trading Down 5.4% – What’s Next?

Shares of Visteon Co. (NASDAQ:VC) were down 5.4% during trading on Thursday . The company traded as low as $78.04 and last traded at $79.78. Approximately 79,972 shares were traded during trading, a decline of 72% from the average daily volume of 286,261 shares. The stock had previously closed at $84.36.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays dropped their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Morgan Stanley dropped their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.25.

Visteon Stock Down 1.8 %

The stock has a market cap of $2.12 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average is $84.08 and its 200-day moving average is $88.53.

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

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake in Visteon by 225.3% during the fourth 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 boosted its stake in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.