Visteon (NASDAQ:VC) Hits New 12-Month Low After Analyst Downgrade

Shares of Visteon Co. (NASDAQ:VC) reached a new 52-week low on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $132.00 to $122.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Visteon traded as low as $87.65 and last traded at $87.71, with a volume of 257686 shares traded. The stock had previously closed at $91.54.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. TD Cowen reduced their price target on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, Barclays dropped their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.93.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 acquiring an additional 119 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Visteon during the 1st quarter worth approximately $48,000. Mather Group LLC. acquired a new stake in shares of Visteon in the 2nd quarter valued at approximately $59,000. Acadian Asset Management LLC acquired a new stake in shares of Visteon in the 2nd quarter valued at approximately $89,000. Finally, Motco acquired a new position in Visteon during the first quarter worth $106,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Down 4.2 %

The business’s 50 day simple moving average is $95.22 and its 200 day simple moving average is $104.40. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. On average, research analysts expect that Visteon Co. will post 8.01 EPS for the current fiscal year.

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.