Adient plc (NYSE:ADNT) Given Consensus Recommendation of “Reduce” by Brokerages

Adient plc (NYSE:ADNT) has received a consensus rating of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.00.

A number of equities analysts have commented on ADNT shares. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Morgan Stanley decreased their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Barclays cut shares of Adient from an “equal weight” rating to a “negative” rating in a research report on Tuesday. Finally, UBS Group lowered their price objective on shares of Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th.

Hedge Funds Weigh In On Adient

Several hedge funds and other institutional investors have recently modified their holdings of ADNT. Barclays PLC boosted its position in Adient by 127.0% during the 3rd quarter. Barclays PLC now owns 208,239 shares of the company’s stock valued at $4,701,000 after acquiring an additional 116,518 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Adient in the 3rd quarter valued at approximately $357,000. Franklin Resources Inc. boosted its position in shares of Adient by 85.4% during the third quarter. Franklin Resources Inc. now owns 59,694 shares of the company’s stock valued at $1,305,000 after purchasing an additional 27,491 shares in the last quarter. Principal Financial Group Inc. grew its stake in Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after purchasing an additional 109,850 shares during the period. Finally, Versant Capital Management Inc lifted its position in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after buying an additional 1,857 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

ADNT stock opened at $11.44 on Friday. The firm has a market cap of $959.94 million, a P/E ratio of 571.85, a P/E/G ratio of 0.34 and a beta of 1.97. The firm’s fifty day moving average is $14.10 and its 200 day moving average is $17.37. Adient has a 52 week low of $10.04 and a 52 week high of $31.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the firm earned $0.31 EPS. Research analysts predict that Adient will post 1.76 earnings per share for the current year.

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.