Adient (NYSE:ADNT) Given Consensus Rating of “Reduce” by Analysts

Shares of Adient (NYSE:ADNT) have been given a consensus recommendation of “Reduce” by the eleven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.00.

A number of research analysts have recently commented on the company. UBS Group upped their target price on Adient from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research lowered Adient from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Adient in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of Adient from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Adient from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th.

Hedge Funds Weigh In On Adient

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in shares of Adient by 0.7% in the third quarter. Federated Hermes Inc. now owns 451,333 shares of the company’s stock valued at $10,868,000 after acquiring an additional 3,311 shares in the last quarter. Teacher Retirement System of Texas increased its position in Adient by 441.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 69,085 shares of the company’s stock valued at $1,664,000 after purchasing an additional 56,316 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Adient by 885.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,093 shares of the company’s stock valued at $171,000 after purchasing an additional 6,373 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Adient in the 3rd quarter worth approximately $227,000. Finally, Highland Capital Management LLC purchased a new stake in shares of Adient in the 3rd quarter worth approximately $320,000. Institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Adient stock opened at $24.24 on Tuesday. The firm has a 50-day moving average price of $24.14 and a 200-day moving average price of $20.60. The firm has a market capitalization of $1.97 billion, a PE ratio of -9.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.87. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. Adient has a 12-month low of $10.04 and a 12-month high of $26.16.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The firm had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. As a group, equities research analysts forecast 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.