Adient (NYSE:ADNT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a report released on Friday.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a research note on Wednesday. UBS Group set a $30.00 target price on Adient and gave the company a “buy” rating in a research note on Wednesday, January 14th. Stifel Nicolaus lifted their target price on Adient from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company raised their price objective on Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Adient has a consensus rating of “Hold” and a consensus price target of $24.56.

Adient Price Performance

ADNT stock opened at $21.59 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of -6.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.93 and a current ratio of 1.12. Adient has a 1 year low of $10.04 and a 1 year high of $26.16. The stock has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $22.05.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the sale, the executive vice president owned 116,425 shares in the company, valued at $2,294,736.75. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in Adient by 19.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 87,482 shares of the company’s stock worth $1,677,000 after purchasing an additional 14,304 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Adient by 9.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock worth $193,000 after purchasing an additional 866 shares during the period. SG Americas Securities LLC lifted its position in shares of Adient by 5,271.0% in the 4th quarter. SG Americas Securities LLC now owns 419,531 shares of the company’s stock worth $8,042,000 after buying an additional 411,720 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Adient by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after buying an additional 764 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Adient during the 3rd quarter valued at about $216,000. 92.44% of the stock is currently owned by institutional investors.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.