Adient (NYSE:ADNT) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Adient (NYSE:ADNT) in a research note published on Tuesday morning, Marketbeat.com reports. The firm currently has a $24.00 target price on the stock.

ADNT has been the topic of several other research reports. Bank of America dropped their price objective on Adient from $42.00 to $40.00 and set a buy rating on the stock in a research note on Monday, July 22nd. 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. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They issued a peer perform rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $31.00 to $27.00 and set a neutral rating on the stock in a report on Thursday, August 8th. Finally, BNP Paribas upgraded shares of Adient from an underperform rating to a neutral rating and set a $26.00 target price for the company in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Adient currently has an average rating of Hold and a consensus price target of $27.25.

Adient Price Performance

ADNT stock opened at $20.88 on Tuesday. The company has a market capitalization of $1.82 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 0.54 and a beta of 2.16. Adient has a 52-week low of $19.94 and a 52-week high of $39.93. The business has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $27.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08.

Adient (NYSE:ADNT) last released its quarterly earnings results 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). Adient had a net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts expect that Adient will post 1.77 EPS for the current fiscal year.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in Adient by 959.8% in the 4th quarter. Teacher Retirement System of Texas now owns 109,359 shares of the company’s stock worth $3,976,000 after buying an additional 99,040 shares during the period. Franklin Resources Inc. raised its holdings in shares of Adient by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 3,233,171 shares of the company’s stock valued at $117,558,000 after acquiring an additional 37,010 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Adient in the first quarter worth $2,710,000. Magnetar Financial LLC bought a new stake in Adient in the first quarter valued at $2,746,000. Finally, Duality Advisers LP purchased a new position in Adient during the 1st quarter valued at $1,653,000. Institutional investors own 92.44% of the company’s stock.

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.