Visteon (NASDAQ:VC) Sets New 52-Week Low at $96.82

Visteon Co. (NASDAQ:VC) shares reached a new 52-week low on Monday . The company traded as low as $96.82 and last traded at $97.89, with a volume of 3134 shares. The stock had previously closed at $104.37.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Citigroup reduced their price target on shares of Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird reiterated a “neutral” rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Finally, Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average price target of $134.31.

Visteon Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 0.51 and a beta of 1.46. The firm has a 50-day moving average price of $108.25 and a two-hundred day moving average price of $112.52.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, sell-side analysts forecast that Visteon Co. will post 8.06 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Visteon

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its holdings in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Parallel Advisors LLC raised its holdings in Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Visteon during the first quarter worth $48,000. CWM LLC raised its holdings in Visteon by 53.6% during the fourth 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 raised its holdings 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 last quarter. 99.71% of the stock is currently 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.