StockNews.com Upgrades Adient (NYSE:ADNT) to Buy

Adient (NYSE:ADNT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. cut their target price on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group decreased their price target on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Wolfe Research started coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Adient presently has an average rating of “Hold” and an average price target of $25.38.

Adient Trading Down 1.2 %

Shares of NYSE:ADNT opened at $20.89 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.82 billion, a PE ratio of 90.83, a P/E/G ratio of 0.40 and a beta of 2.18. Adient has a 1 year low of $19.30 and a 1 year high of $37.19. The firm has a fifty day moving average price of $21.40 and a 200 day moving average price of $24.00.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. Analysts expect that Adient will post 2.67 EPS for the current fiscal year.

Institutional Trading of Adient

Institutional investors have recently modified their holdings of the company. CWM LLC lifted its position in Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after purchasing an additional 443 shares during the period. US Bancorp DE raised its stake in shares of Adient by 583.8% in the 3rd 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 in the last quarter. Signaturefd LLC lifted its holdings in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after acquiring an additional 1,822 shares during the period. KBC Group NV boosted its position in shares of Adient by 51.8% during the 3rd 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 in the last quarter. Finally, Covestor Ltd boosted its position in shares of Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after acquiring an additional 2,210 shares in 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.