Adient (NYSE:ADNT) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Adient (NYSE:ADNT) in a research report report published on Thursday, MarketBeat reports. The firm issued a buy rating and a $27.00 price target on the stock.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Adient from $18.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Zacks Research downgraded shares of Adient from a “strong-buy” rating to a “hold” rating in a report on Monday. Citigroup initiated coverage on shares of Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, Barclays upped their price target on shares of Adient from $18.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Adient presently has an average rating of “Reduce” and a consensus target price of $21.72.

Adient Stock Up 1.9%

ADNT opened at $23.5670 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $24.25. The firm’s fifty day moving average is $21.69 and its 200 day moving average is $16.95. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -8.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, sell-side analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

Large investors have recently added to or reduced their stakes in the stock. Greenwich Wealth Management LLC lifted its position in shares of Adient by 1.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock worth $685,000 after purchasing an additional 435 shares during the period. Mariner LLC lifted its position in Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after acquiring an additional 801 shares during the last quarter. Covestor Ltd lifted its position in Adient by 15.2% during the first quarter. Covestor Ltd now owns 6,984 shares of the company’s stock valued at $90,000 after acquiring an additional 922 shares during the last quarter. Yousif Capital Management LLC lifted its position in Adient by 3.1% during the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock valued at $727,000 after acquiring an additional 1,114 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in Adient by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company’s stock valued at $670,000 after acquiring an additional 1,204 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.