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

Shares of Adient plc (NYSE:ADNT) have received a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.38.

Several equities analysts have recently weighed in on ADNT shares. Morgan Stanley reduced their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. UBS Group cut their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price 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, Wolfe Research began coverage on shares of Adient in a research report on Thursday, September 5th. They set a “peer perform” rating for the company.

Adient Stock Performance

NYSE ADNT opened at $19.34 on Tuesday. Adient has a 52-week low of $18.53 and a 52-week high of $37.19. The company has a 50-day simple moving average of $21.19 and a 200 day simple moving average of $23.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The company has a market capitalization of $1.64 billion, a PE ratio of 84.09, a price-to-earnings-growth ratio of 0.44 and a beta of 2.18.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, research analysts predict that Adient will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. 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 buying an additional 443 shares during the period. US Bancorp DE increased its position in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares during the period. Signaturefd LLC increased its position in Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the period. Covestor Ltd increased its position in Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after purchasing an additional 2,210 shares during the period. Finally, KBC Group NV increased its position in Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.