Visteon (NASDAQ:VC) Sets New 12-Month Low at $108.17

Visteon Co. (NASDAQ:VC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $108.17 and last traded at $108.63, with a volume of 73198 shares trading hands. The stock had previously closed at $108.87.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VC shares. StockNews.com upgraded Visteon from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. JPMorgan Chase & Co. reduced their price target on Visteon from $160.00 to $148.00 and set a "neutral" rating on the stock in a report on Thursday, January 25th. Bank of America reduced their target price on Visteon from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada reduced their target price on Visteon from $188.00 to $146.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Finally, Wells Fargo & Company upped their target price on Visteon from $101.00 to $106.00 and gave the company an "underweight" rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.50.

Visteon Price Performance

The stock has a market cap of $2.99 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The business has a 50 day simple moving average of $115.44 and a 200-day simple moving average of $119.78.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $10.92. The firm had revenue of $990.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. On average, sell-side analysts forecast that Visteon Co. will post 8.72 EPS for the current year.

Institutional Trading of Visteon

A number of institutional investors have recently added to or reduced their stakes in VC. Covestor Ltd lifted its holdings in Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company's stock worth $30,000 after purchasing an additional 111 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company's stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Visteon in the 1st quarter valued at about $38,000. Rockefeller Capital Management L.P. raised its holdings in shares of Visteon by 1,286.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company's stock valued at $39,000 after acquiring an additional 283 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Visteon in the 1st quarter valued at about $48,000. 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.