Adient (NYSE:ADNT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on ADNT. Bank of America cut Adient from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Wolfe Research initiated coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. Finally, Morgan Stanley cut their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.50.

Adient Price Performance

ADNT stock opened at $17.44 on Friday. The company’s 50-day moving average price is $19.48 and its two-hundred day moving average price is $21.88. The firm has a market cap of $1.48 billion, a P/E ratio of 75.83, a P/E/G ratio of 0.32 and a beta of 2.15. 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 has a 12 month low of $16.43 and a 12 month high of $37.04.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts anticipate that Adient will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the sale, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

Several institutional investors have recently added to or reduced their stakes in ADNT. US Bancorp DE raised its holdings in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the last quarter. Signaturefd LLC increased its position 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 buying an additional 1,822 shares during the period. KBC Group NV increased its position 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 buying an additional 1,136 shares during the period. Covestor Ltd raised its stake in Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Adient in the second quarter valued at $227,000. 92.44% of the stock is currently owned by institutional investors.

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.