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

Shares of Adient plc (NYSE:ADNT) have earned an average rating of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.50.

Several analysts recently issued reports on ADNT shares. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley lowered 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. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Finally, Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $27.00 to $20.00 in a research report on Monday, December 16th.

Adient Trading Up 1.7 %

ADNT stock opened at $17.39 on Wednesday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 0.32 and a beta of 2.16. 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 business has a fifty day simple moving average of $18.63 and a 200-day simple moving average of $21.11. Adient has a 52 week low of $16.28 and a 52 week high of $36.04.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts expect that Adient will post 2.04 EPS for the current year.

Insider Buying and Selling

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after acquiring an additional 1,857 shares during the period. US Bancorp DE raised its holdings in shares of Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after buying an additional 1,588 shares during the last quarter. Signaturefd LLC raised its holdings in shares of 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 buying an additional 1,822 shares during the last quarter. KBC Group NV raised its holdings in shares of 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 buying an additional 1,136 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after buying an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.