Adient plc (NYSE:ADNT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Adient plc (NYSE:ADNT) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $28.00.

A number of equities analysts have weighed in on ADNT shares. Barclays dropped their price target on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. UBS Group cut their price target on Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley decreased their price target on Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price objective on Adient from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Finally, Bank of America decreased their target price on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

Hedge Funds Weigh In On Adient

Several institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its position in shares of Adient by 1.8% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company’s stock valued at $630,000 after acquiring an additional 310 shares during the last quarter. ProShare Advisors LLC lifted its position in Adient by 2.0% during the first quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock valued at $688,000 after purchasing an additional 417 shares during the last quarter. CWM LLC grew its stake in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Adient by 6.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company’s stock worth $275,000 after buying an additional 501 shares during the last quarter. Finally, Watershed Asset Management L.L.C. raised its position in shares of Adient by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company’s stock valued at $284,000 after buying an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

NYSE ADNT opened at $22.23 on Friday. The business’s fifty day moving average is $24.38 and its 200 day moving average is $28.92. Adient has a fifty-two week low of $20.18 and a fifty-two week high of $40.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The company has a market capitalization of $2.00 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.46 and a beta of 2.19.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts predict that Adient will post 2.14 earnings per share for the current year.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.