Visteon (NASDAQ:VC) Hits New 1-Year Low – What’s Next?

Shares of Visteon Co. (NASDAQ:VC) reached a new 52-week low during trading on Monday . The company traded as low as $78.14 and last traded at $76.45, with a volume of 152748 shares. The stock had previously closed at $84.06.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. cut their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada decreased their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company cut their price target 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average target price of $125.23.

Visteon Stock Performance

The business has a 50-day moving average price of $88.04 and a 200-day moving average price of $93.25. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 4.49, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Visteon

A number of large investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Visteon by 46.7% in the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after acquiring an additional 134 shares during the period. KBC Group NV increased its position in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares during the period. Covestor Ltd increased its position in shares of Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Visteon in the 3rd quarter valued at $164,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.