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

Wall Street Zen lowered shares of Adient (NYSE:ADNT) from a strong-buy rating to a buy rating in a research report report published on Sunday.

Several other equities analysts have also commented on ADNT. Barclays increased their price objective on shares of Adient from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Stifel Nicolaus increased their price objective on shares of Adient from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Morgan Stanley increased their price objective on shares of Adient from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. increased their target price on shares of Adient from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company raised shares of Adient from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $24.00 to $31.00 in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adient has a consensus rating of “Reduce” and a consensus target price of $24.00.

Adient Price Performance

ADNT stock opened at $23.59 on Friday. Adient has a 52 week low of $10.04 and a 52 week high of $26.16. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $24.19 and a two-hundred day simple moving average of $20.18. The firm has a market capitalization of $1.92 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 0.80 and a beta of 1.77.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The business had revenue of $3.51 billion for the quarter. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group increased its stake in Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after buying an additional 2,124 shares during the period. GAMMA Investing LLC increased its stake in Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after buying an additional 1,367 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after buying an additional 1,982 shares during the period. Fifth Third Bancorp increased its position in Adient by 544.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock valued at $42,000 after purchasing an additional 1,802 shares during the period. Finally, CWM LLC increased its position in Adient by 91.4% during the 1st quarter. CWM LLC now owns 3,426 shares of the company’s stock valued at $44,000 after purchasing an additional 1,636 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.