Adient plc (NYSE:ADNT) Given Average Recommendation of “Hold” by Analysts

Shares of Adient plc (NYSE:ADNT) have been assigned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.63.

A number of brokerages have issued reports on ADNT. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price target on the stock in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. JPMorgan Chase & Co. reduced their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price target on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, September 20th.

Institutional Investors Weigh In On Adient

Several large investors have recently bought and sold shares of ADNT. ProShare Advisors LLC raised its stake in Adient by 2.0% during the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock valued at $688,000 after buying an additional 417 shares during the last quarter. CWM LLC boosted its stake in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after acquiring an additional 443 shares during the period. Verdence Capital Advisors LLC boosted its stake in Adient by 6.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company’s stock worth $275,000 after purchasing an additional 501 shares during the period. SummerHaven Investment Management LLC grew its holdings in Adient by 3.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock valued at $449,000 after buying an additional 556 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Adient by 1.3% during the first quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock valued at $1,686,000 after buying an additional 643 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Price Performance

Shares of NYSE:ADNT opened at $22.16 on Monday. The company’s fifty day moving average price is $22.13 and its 200-day moving average price is $25.86. Adient has a one year low of $19.40 and a one year high of $37.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.59 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. Adient’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities research analysts anticipate that Adient will post 1.77 earnings per share for the current fiscal year.

About Adient

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.