Adient (NYSE:ADNT) Receives Consensus Recommendation of “Hold” from Analysts

Adient (NYSE:ADNT) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.6667.

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Stifel Nicolaus increased their price target on Adient from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Citigroup raised their price objective on Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Barclays raised their price target on shares of Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a report on Friday, January 23rd.

Adient Trading Down 3.3%

Shares of NYSE ADNT opened at $21.30 on Monday. The firm has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $22.36. The stock has a market cap of $1.67 billion, a P/E ratio of -5.88, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. Adient has a 52-week low of $10.04 and a 52-week high of $27.32. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.16. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the business earned $0.27 earnings per share. Adient’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Adient will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently bought and sold shares of the company. Greenwich Wealth Management LLC boosted its position in Adient by 1.3% during the second quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after acquiring an additional 435 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Adient by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after acquiring an additional 439 shares during the period. GAMMA Investing LLC increased its holdings in Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after purchasing an additional 764 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Adient by 9.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock valued at $193,000 after acquiring an additional 866 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Adient by 5.2% during the 4th quarter. Corient Private Wealth LLC now owns 18,117 shares of the company’s stock valued at $347,000 after acquiring an additional 899 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.