StockNews.com Upgrades Adient (NYSE:ADNT) to Buy

Adient (NYSE:ADNT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

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

Adient Stock Down 0.5 %

Shares of Adient stock opened at $17.44 on Friday. The company has a fifty day moving average price of $19.59 and a 200 day moving average price of $21.95. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Adient has a twelve month low of $16.43 and a twelve month high of $37.04. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 75.83, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Equities research analysts forecast that Adient will post 2.04 earnings per share for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently added to or reduced their stakes in ADNT. Bank of New York Mellon Corp boosted its holdings in Adient by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company’s stock worth $22,829,000 after purchasing an additional 5,426 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Adient by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,532 shares of the company’s stock worth $507,000 after purchasing an additional 2,853 shares during the period. AM Squared Ltd acquired a new position in Adient in the second quarter worth $339,000. Bordeaux Wealth Advisors LLC acquired a new position in Adient in the second quarter worth $895,000. Finally, Victory Capital Management Inc. boosted its holdings in Adient by 15.4% in the second quarter. Victory Capital Management Inc. now owns 19,344 shares of the company’s stock worth $478,000 after purchasing an additional 2,579 shares during the period. Institutional investors and hedge funds 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.