Adient (NYSE:ADNT) Lowered to “Hold” Rating by Wall Street Zen

Adient (NYSE:ADNT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on the company. Citigroup initiated coverage on Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price target for the company. Wells Fargo & Company increased their price target on Adient from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Barclays downgraded Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday, April 15th. UBS Group increased their price target on Adient from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.22.

Adient Stock Performance

Shares of ADNT opened at $18.37 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 918.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.64. Adient has a 52-week low of $10.04 and a 52-week high of $26.59. The stock has a 50 day moving average price of $14.03 and a 200 day moving average price of $15.63. 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 announced its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.33. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Research analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ADNT. Point72 Hong Kong Ltd purchased a new position in shares of Adient in the fourth quarter valued at $25,000. Brooklyn Investment Group increased its position in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after buying an additional 2,124 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock valued at $29,000 after buying an additional 1,367 shares in the last quarter. IFP Advisors Inc increased its position in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after buying an additional 2,285 shares in the last quarter. Finally, CWM LLC increased its position in shares of Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company’s stock valued at $44,000 after buying an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.