Morgan Stanley Has Lowered Expectations for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its price target reduced by Morgan Stanley from $21.00 to $19.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 4.47% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Wolfe Research began coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. UBS Group lowered their target price on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and an average price target of $25.13.

Adient Stock Performance

Shares of NYSE:ADNT opened at $19.89 on Thursday. The firm has a market cap of $1.73 billion, a PE ratio of 86.48, a price-to-earnings-growth ratio of 0.44 and a beta of 2.18. The firm’s 50 day simple moving average is $21.32 and its 200-day simple moving average is $23.88. Adient has a one year low of $19.30 and a one year high of $37.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. Adient’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. As a group, equities analysts predict that Adient will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares in the last quarter. US Bancorp DE increased its stake in shares of Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares in the last quarter. Signaturefd LLC increased its stake in shares of Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after purchasing an additional 1,822 shares in the last quarter. KBC Group NV increased its stake in shares of Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after purchasing an additional 2,210 shares in the last quarter. Hedge funds and other institutional investors 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.