Visteon (NASDAQ:VC) Sets New 1-Year Low at $96.36

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup cut their price objective on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Guggenheim reduced their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Morgan Stanley lowered their target price on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. reduced their price target on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Visteon from $107.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.31.

Visteon Stock Down 1.5 %

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 has a market capitalization of $2.67 billion, a P/E ratio of 5.58, a PEG ratio of 0.48 and a beta of 1.46. The firm’s fifty day moving average price is $107.27 and its 200-day moving average price is $111.90.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Visteon Co. will post 8.06 earnings per share for the current year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its position in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying 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 valued at $36,000 after acquiring an additional 142 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Visteon in the 1st quarter valued at approximately $48,000. CWM LLC lifted its holdings in Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 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.