Adient plc (NYSE:ADNT) Receives Average Recommendation of “Reduce” from Analysts

Adient plc (NYSE:ADNT) has earned an average rating of “Reduce” from the nine analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.88.

ADNT has been the topic of a number of analyst reports. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Barclays decreased their price target on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group boosted their price objective on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley decreased their target price on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after purchasing an additional 1,633 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock valued at $1,576,000 after buying an additional 46,766 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Adient during the third quarter valued at about $725,000. Charles Schwab Investment Management Inc. increased its position in shares of Adient by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company’s stock worth $21,745,000 after acquiring an additional 55,387 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Adient by 30.2% in the 3rd quarter. Citigroup Inc. now owns 265,534 shares of the company’s stock worth $5,993,000 after acquiring an additional 61,531 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

NYSE ADNT opened at $12.83 on Monday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 641.25, a PEG ratio of 0.34 and a beta of 2.27. Adient has a twelve month low of $12.55 and a twelve month high of $32.79. The stock has a fifty day simple moving average of $15.95 and a 200 day simple moving average of $18.49. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts expect that Adient will post 1.76 EPS for the current 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.