Adient plc (NYSE:ADNT) Given Consensus Rating of “Hold” by Analysts

Shares of Adient plc (NYSE:ADNT) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $27.25.

A number of research firms have commented on ADNT. Wells Fargo & Company cut their target price on shares of Adient from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 price objective on shares of Adient in a research report on Tuesday. BNP Paribas raised Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Monday, July 1st. JPMorgan Chase & Co. reduced their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group lowered their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after purchasing an additional 443 shares in the last quarter. Partnership Wealth Management LLC bought a new position in Adient in the 4th quarter worth $83,000. Covestor Ltd increased its stake in Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after buying an additional 2,210 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Adient in the first quarter valued at about $135,000. Finally, Headlands Technologies LLC bought a new position in shares of Adient in the first quarter worth about $159,000. Institutional investors own 92.44% of the company’s stock.

Adient Trading Down 4.2 %

Adient stock opened at $20.00 on Thursday. Adient has a one year low of $19.74 and a one year high of $39.93. The business’s fifty day moving average is $23.13 and its 200 day moving average is $27.39. The stock has a market capitalization of $1.74 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.54 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Adient will post 1.77 EPS for the current year.

About Adient

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.