Adient plc (NYSE:ADNT) Given Average Recommendation of “Reduce” by Brokerages

Shares of Adient plc (NYSE:ADNT) have received a consensus recommendation of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.88.

Several research analysts have commented on ADNT shares. Morgan Stanley lowered their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group boosted their price objective on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lowered their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th.

Adient Trading Down 0.8 %

Shares of ADNT stock opened at $16.77 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.41 billion, a P/E ratio of 838.50, a price-to-earnings-growth ratio of 0.34 and a beta of 2.18. The stock has a 50 day simple moving average of $17.19 and a 200 day simple moving average of $19.63. Adient has a 1 year low of $15.71 and a 1 year high of $35.94.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter last year, the company earned $0.31 EPS. On average, research analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Adient

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 directly owns 51,829 shares in the company, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Adient

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in Adient by 10.6% in the fourth quarter. Covestor Ltd now owns 6,062 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares during the period. Mariner LLC boosted its position in Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after acquiring an additional 801 shares during the last quarter. KBC Group NV boosted its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after acquiring an additional 1,136 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Adient during the fourth quarter valued at $25,000. Finally, Oarsman Capital Inc. boosted its position in Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock valued at $51,000 after acquiring an additional 1,473 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.