Visteon (NASDAQ:VC) Hits New 12-Month Low – Should You Sell?

Shares of Visteon Co. (NASDAQ:VC) reached a new 52-week low during trading on Tuesday . The company traded as low as $81.74 and last traded at $83.24, with a volume of 183280 shares. The stock had previously closed at $82.46.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VC. Barclays decreased their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company cut their price target on Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, The Goldman Sachs Group lowered their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.15.

Visteon Price Performance

The company has a market cap of $2.35 billion, a PE ratio of 4.61, a P/E/G ratio of 0.36 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $90.12 and a 200 day simple moving average of $95.78.

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

Institutional Investors Weigh In On Visteon

Several large investors have recently added to or reduced their stakes in VC. State Street Corp boosted its position in shares of Visteon by 0.4% during the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after acquiring an additional 3,918 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock valued at $82,255,000 after purchasing an additional 55,465 shares during the period. Dimensional Fund Advisors LP increased its position in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after buying an additional 83,840 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock valued at $63,698,000 after acquiring an additional 7,743 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Visteon by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares during the last quarter. 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.