Adient (NYSE:ADNT) Rating Lowered to Hold at StockNews.com

Adient (NYSE:ADNTGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

ADNT has been the subject of a number of other research reports. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $27.00 to $20.00 in a research report on Monday, December 16th. Wolfe Research assumed coverage on shares of Adient in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Bank of America cut Adient from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. Finally, Morgan Stanley dropped their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Adient currently has an average rating of “Hold” and an average target price of $23.50.

Check Out Our Latest Stock Analysis on ADNT

Adient Trading Down 2.4 %

Shares of NYSE:ADNT opened at $16.85 on Friday. Adient has a fifty-two week low of $16.77 and a fifty-two week high of $37.19. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.43 billion, a PE ratio of 73.26, a P/E/G ratio of 0.32 and a beta of 2.15. The company’s 50-day moving average price is $19.94 and its 200 day moving average price is $22.20.

Adient (NYSE:ADNTGet Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that Adient will post 2.04 earnings per share for the current year.

Insider Transactions at Adient

In related news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Adient

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC grew its stake in Adient by 85.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock valued at $3,779,000 after acquiring an additional 70,611 shares in the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Adient by 125.3% during the second quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock worth $12,669,000 after purchasing an additional 285,104 shares during the period. BNP Paribas Financial Markets grew its position in Adient by 144.9% during the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock valued at $4,750,000 after purchasing an additional 124,539 shares in the last quarter. Magnetar Financial LLC increased its stake in Adient by 30.1% in the 2nd quarter. Magnetar Financial LLC now owns 108,535 shares of the company’s stock valued at $2,682,000 after buying an additional 25,119 shares during the period. Finally, Bordeaux Wealth Advisors LLC purchased a new stake in Adient in the 2nd quarter worth approximately $895,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

(Get Free Report)

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.

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Analyst Recommendations for Adient (NYSE:ADNT)

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