Adient (NYSE:ADNT) Receives Average Recommendation of “Hold” from Analysts

Shares of Adient (NYSE:ADNT) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.00.

ADNT has been the topic of several research reports. Citigroup raised Adient from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, April 15th. UBS Group increased their price target on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Bank of America initiated coverage on Adient in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price target on the stock. Wells Fargo & Company reduced their price target on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Barclays increased their price target on Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th.

Insider Transactions at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the sale, the executive vice president owned 110,886 shares of the company’s stock, valued at $2,518,221.06. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Adient

Hedge funds have recently bought and sold shares of the stock. Leonteq Securities AG acquired a new stake in Adient in the 4th quarter valued at about $30,000. Quarry LP raised its position in Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Adient in the 2nd quarter valued at about $63,000. Parallel Advisors LLC raised its position in Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Adient in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

ADNT opened at $21.61 on Wednesday. The stock’s 50-day moving average price is $21.69 and its 200 day moving average price is $21.48. Adient has a 12-month low of $17.70 and a 12-month high of $27.32. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 0.44 and a beta of 1.50.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Adient’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Adient will post 2.1 earnings per share for the current 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.