Visteon (NASDAQ:VC) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

VC has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Wolfe Research began coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.15.

Visteon Price Performance

The firm has a market cap of $2.39 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The stock has a 50 day simple moving average of $92.06 and a two-hundred day simple moving average of $98.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Visteon in the 2nd quarter valued at $89,000. KBC Group NV increased its holdings in Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. nVerses Capital LLC raised its position in Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after acquiring an additional 200 shares during the period. Finally, Covestor Ltd lifted its holdings in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.