Visteon (NASDAQ:VC) Reaches New 1-Year Low – Should You Sell?

Shares of Visteon Co. (NASDAQ:VC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $85.83 and last traded at $86.63, with a volume of 273121 shares. The stock had previously closed at $89.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays cut their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. Finally, Wells Fargo & Company decreased their price target on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon Stock Performance

The firm has a fifty day simple moving average of $91.68 and a 200-day simple moving average of $98.22. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 0.44 and a beta of 1.44. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same period in the prior year, the company posted $2.35 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Analysts forecast that Visteon Co. will post 8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after buying an additional 8,500 shares during the period. Mirabella Financial Services LLP boosted its holdings in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after purchasing an additional 13,390 shares during the last quarter. Royce & Associates LP grew its position in Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after purchasing an additional 44,460 shares in the last quarter. Systematic Financial Management LP increased its stake in Visteon by 11.8% in the 3rd quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock valued at $24,728,000 after buying an additional 27,403 shares during the last quarter. Finally, American Century Companies Inc. lifted 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 worth $55,860,000 after buying an additional 489,959 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.