Visteon (NASDAQ:VC) Shares Down 5.4% – Here’s Why

Visteon Co. (NASDAQ:VC) was down 5.4% on Thursday . The stock traded as low as $78.04 and last traded at $79.78. Approximately 79,972 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 286,261 shares. The stock had previously closed at $84.36.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VC. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Barclays decreased their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. TD Cowen started coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price target for the company. Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Morgan Stanley lowered their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $84.29 and its 200-day moving average price is $88.72. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Equities research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after purchasing an additional 263 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares during the period. Finally, KBC Group NV grew its holdings in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.