Visteon (NASDAQ:VC) Hits New 12-Month Low – Time to Sell?

Visteon Co. (NASDAQ:VC) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $83.53 and last traded at $83.97, with a volume of 19328 shares. The stock had previously closed at $86.59.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Barclays cut their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Royal Bank of Canada cut their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.15.

Visteon Stock Down 1.9 %

The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.35 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The firm’s 50 day moving average price is $90.58 and its 200-day moving average price is $96.42.

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

Institutional Investors Weigh In On Visteon

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in Visteon during the second quarter valued at approximately $89,000. Wedbush Securities Inc. purchased a new position in Visteon during the 2nd quarter valued at approximately $338,000. Texas Permanent School Fund Corp increased its stake in Visteon by 2.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 25,018 shares of the company’s stock worth $2,669,000 after acquiring an additional 678 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 489,959 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of Visteon by 11.9% in the second quarter. Cornercap Investment Counsel Inc. now owns 9,931 shares of the company’s stock valued at $1,060,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors 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.