Adient plc (NYSE:ADNT) Given Average Recommendation of “Hold” by Analysts

Shares of Adient plc (NYSE:ADNT) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.13.

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Adient in a report on Tuesday, September 10th. Wolfe Research began coverage on shares of Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Wells Fargo & Company cut their target price on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th.

Institutional Trading of Adient

Institutional investors have recently modified their holdings of the company. Magnetar Financial LLC acquired a new stake in Adient during the first quarter valued at approximately $2,746,000. Harbor Capital Advisors Inc. boosted its stake in shares of Adient by 356.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 83,293 shares of the company’s stock worth $2,058,000 after acquiring an additional 65,055 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in shares of Adient by 85.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock worth $3,779,000 after acquiring an additional 70,611 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Adient by 48.5% in the 1st quarter. Janus Henderson Group PLC now owns 697,303 shares of the company’s stock worth $22,955,000 after acquiring an additional 227,810 shares during the last quarter. Finally, HITE Hedge Asset Management LLC raised its position in shares of Adient by 125.3% during the second quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock worth $12,669,000 after purchasing an additional 285,104 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Down 0.7 %

NYSE:ADNT opened at $19.75 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a 50 day moving average of $21.32 and a 200-day moving average of $23.80. The firm has a market capitalization of $1.72 billion, a PE ratio of 85.87, a price-to-earnings-growth ratio of 0.46 and a beta of 2.18. Adient has a 52 week low of $19.30 and a 52 week high of $37.19.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Analysts predict that Adient will post 2.27 EPS for the current year.

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.