Visteon (NASDAQ:VC) Sets New 1-Year Low – Should You Sell?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wells Fargo & Company lowered their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Barclays lowered their price objective on Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.23.

Visteon Trading Down 4.2 %

The firm has a market cap of $2.22 billion, a P/E ratio of 4.37, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The firm has a fifty day moving average of $88.51 and a 200-day moving average of $93.66.

Institutional Trading of Visteon

Hedge funds have recently made changes to their positions in the stock. Cardinal Capital Management bought a new stake in Visteon during the 4th quarter valued at $1,691,000. Kestra Investment Management LLC acquired a new position in shares of Visteon during the 4th quarter valued at $430,000. State of New Jersey Common Pension Fund D increased its position in shares of Visteon by 22.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,098 shares of the company’s stock valued at $2,138,000 after purchasing an additional 4,494 shares during the period. Rhumbline Advisers increased its position in shares of Visteon by 2.7% during the 4th quarter. Rhumbline Advisers now owns 88,307 shares of the company’s stock valued at $7,835,000 after purchasing an additional 2,303 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Visteon during the 4th quarter valued at $214,000. Institutional investors own 99.71% of the company’s stock.

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.