Visteon (NASDAQ:VC) Hits New 52-Week Low – What’s Next?

Shares of Visteon Co. (NASDAQ:VC) reached a new 52-week low on Thursday . The stock traded as low as $75.10 and last traded at $77.46, with a volume of 251 shares. The stock had previously closed at $78.96.

Analyst Ratings Changes

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

Visteon Price Performance

The stock’s 50-day simple moving average is $83.16 and its two-hundred day simple moving average is $88.03. The firm has a market cap of $1.96 billion, a P/E ratio of 7.37, a PEG ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

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

Institutional Trading of Visteon

A number of large investors have recently made changes to their positions in VC. Nordea Investment Management AB bought a new stake in shares of Visteon during the fourth quarter valued at approximately $7,730,000. Charles Schwab Investment Management Inc. lifted its position in shares of Visteon by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after purchasing an additional 25,319 shares during the period. Value Holdings Management CO. LLC grew its holdings in Visteon by 90.9% in the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock worth $2,795,000 after purchasing an additional 15,000 shares during the last quarter. Sei Investments Co. raised its stake in Visteon by 93.2% in the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock worth $13,095,000 after acquiring an additional 71,202 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Visteon by 39.2% during the 4th quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock worth $24,975,000 after acquiring an additional 79,294 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.