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

Adient plc (NYSE:ADNT) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $28.00.

Several equities research analysts have recently weighed in on ADNT shares. Wells Fargo & Company decreased their price target on Adient from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. UBS Group decreased their target price on Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Bank of America decreased their target price on Adient from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. BNP Paribas raised Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Monday, July 1st. Finally, Barclays decreased their target price on Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. D. E. Shaw & Co. Inc. boosted its holdings in Adient by 86.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after acquiring an additional 525,280 shares in the last quarter. Norges Bank bought a new position in shares of Adient in the fourth quarter valued at approximately $18,040,000. HITE Hedge Asset Management LLC lifted its holdings in shares of Adient by 125.3% in the second quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock valued at $12,669,000 after purchasing an additional 285,104 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Adient by 17.5% in the fourth quarter. Pzena Investment Management LLC now owns 1,817,382 shares of the company’s stock valued at $66,080,000 after purchasing an additional 270,455 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Adient by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after purchasing an additional 246,038 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Trading Up 0.4 %

Shares of ADNT stock opened at $22.19 on Thursday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.58 and a beta of 2.19. The stock has a 50-day moving average of $23.40 and a 200-day moving average of $27.80. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Adient has a 1-year low of $20.18 and a 1-year high of $40.18.

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