Visteon (NASDAQ:VC) Sets New 52-Week Low at $105.38

Visteon Co. (NASDAQ:VC)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $105.38 and last traded at $105.51, with a volume of 320282 shares trading hands. The stock had previously closed at $111.14.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VC shares. JPMorgan Chase & Co. dropped their price objective on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday. Bank of America lowered their target price on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Guggenheim lowered their target price on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. UBS Group upgraded Visteon from a “neutral” rating to a “buy” rating and increased their target price for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.70.

Visteon Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a fifty day moving average of $113.99 and a two-hundred day moving average of $118.65.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, beating the consensus estimate of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $1.32 EPS. Visteon’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts anticipate that Visteon Co. will post 8.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VC. Assenagon Asset Management S.A. raised its position in shares of Visteon by 404.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock worth $47,665,000 after acquiring an additional 324,946 shares in the last quarter. Norges Bank bought a new position in shares of Visteon in the 4th quarter worth about $40,092,000. Cubist Systematic Strategies LLC raised its position in shares of Visteon by 416.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after acquiring an additional 120,210 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Visteon by 37.9% in the 3rd quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company’s stock valued at $49,629,000 after buying an additional 98,850 shares in the last quarter. Finally, Comerica Bank bought a new stake in Visteon in the 3rd quarter valued at about $12,222,000. 99.71% of the stock is 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.