Adient (NYSE:ADNT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Adient (NYSE:ADNT) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $27.4444.

ADNT has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price target on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays reduced their price objective on shares of Adient from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley upped their target price on shares of Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Adient from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, UBS Group lifted their price target on shares of Adient from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 5th.

Institutional Investors Weigh In On Adient

Several large investors have recently made changes to their positions in ADNT. Arrowstreet Capital Limited Partnership boosted its stake in Adient by 439.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock valued at $22,801,000 after buying an additional 954,441 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Adient by 921.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after acquiring an additional 732,837 shares during the last quarter. Engineers Gate Manager LP increased its stake in Adient by 311.5% in the 4th quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock worth $12,195,000 after acquiring an additional 481,538 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Adient by 38.6% during the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock worth $30,671,000 after acquiring an additional 445,343 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Adient by 5,271.0% during the 4th quarter. SG Americas Securities LLC now owns 419,531 shares of the company’s stock valued at $8,042,000 after acquiring an additional 411,720 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Adient Price Performance

Shares of Adient stock opened at $20.29 on Friday. The stock’s 50-day simple moving average is $22.59 and its 200-day simple moving average is $21.84. Adient has a 52 week low of $10.04 and a 52 week high of $27.32. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 0.45 and a beta of 1.55. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.16. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. As a group, analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.