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

Adient plc (NYSE:ADNT) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.38.

Several brokerages have recently weighed in on ADNT. Barclays dropped their price objective on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Bank of America dropped their price objective on shares of Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research report on Monday, July 1st. Finally, UBS Group dropped their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Adient Stock Performance

Shares of ADNT opened at $20.93 on Friday. Adient has a 12 month low of $19.40 and a 12 month high of $37.19. The firm has a fifty day simple moving average of $21.85 and a 200 day simple moving average of $24.91. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.35 and a beta of 2.16. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.30). Adient had a return on equity of 6.34% and a net margin of 0.50%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Institutional investors have recently made changes to their positions in the company. CWM LLC grew its position in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares during the period. Signaturefd LLC lifted its holdings in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. Covestor Ltd lifted its holdings in Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after purchasing an additional 2,210 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Adient during the first quarter valued at about $135,000. Finally, Headlands Technologies LLC purchased a new stake in Adient during the first quarter valued at about $159,000. Institutional investors 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.