Adient plc (NYSE:ADNT) Receives Average Rating of “Hold” from Analysts

Adient plc (NYSE:ADNT) has earned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.38.

Several research analysts recently commented on ADNT shares. Wells Fargo & Company cut their price target on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased 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. Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 price objective on shares of Adient in a research note on Tuesday, September 10th.

Adient Stock Up 3.2 %

NYSE ADNT opened at $19.96 on Tuesday. The stock has a market cap of $1.69 billion, a PE ratio of 87.35, a P/E/G ratio of 0.32 and a beta of 2.18. The business has a 50 day moving average price of $21.19 and a two-hundred day moving average price of $23.48. Adient has a fifty-two week low of $18.53 and a fifty-two week high of $37.19. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $0.51 EPS. The business’s revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Adient will post 2.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in shares of 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 Adient by 44.5% during the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Adient by 3.2% in the second quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock worth $449,000 after buying an additional 556 shares during the period. Sei Investments Co. lifted its stake in Adient by 1.3% in the first quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock valued at $1,686,000 after buying an additional 643 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after acquiring an additional 1,032 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.