Visteon Corporation (NASDAQ:VC – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $71.51 and last traded at $70.3330, with a volume of 4,344 shares. The stock had previously closed at $73.76.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 23rd. Weiss Ratings cut shares of Visteon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research cut Visteon from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average target price of $117.82.
Read Our Latest Research Report on VC
Visteon Price Performance
The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.69 and a beta of 1.30. The company’s 50 day moving average is $92.02 and its 200 day moving average is $99.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.27.
Visteon (NASDAQ:VC – Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($2.09). The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $936.38 million. Visteon had a net margin of 4.15% and a return on equity of 11.36%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. Research analysts forecast that Visteon Corporation will post 6.58 earnings per share for the current fiscal year.
Visteon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s payout ratio is currently 25.86%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in Visteon by 58.7% during the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after buying an additional 215 shares during the period. Nykredit A S purchased a new position in shares of Visteon in the 2nd quarter valued at $119,000. OP Asset Management Ltd purchased a new position in shares of Visteon in the 1st quarter valued at $116,000. Sequoia Financial Advisors LLC purchased a new position in shares of Visteon in the 2nd quarter valued at $201,000. Finally, Signaturefd LLC lifted its holdings in shares of Visteon by 21.5% during the 3rd quarter. Signaturefd LLC now owns 2,127 shares of the company’s stock valued at $184,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
About Visteon
Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops and supplies electronic systems for vehicle manufacturers. Its products are designed to support the digital, connected and increasingly electrified vehicle, with a focus on improving the driving experience, vehicle functionality and energy efficiency.
The company’s product portfolio includes digital instrument clusters, displays, infotainment systems, connected-car technologies, cockpit domain controllers, climate-control electronics and other vehicle control systems.
See Also
- Five stocks we like better than Visteon
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.
