Adient (NYSE:ADNT) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Adient (NYSE:ADNT) have earned an average recommendation of “Reduce” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.6875.

Several analysts recently weighed in on ADNT shares. Stifel Nicolaus dropped their target price on shares of Adient from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. UBS Group cut their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Citigroup lowered their target price on Adient from $25.00 to $22.50 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th.

Insider Transactions at Adient

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

Institutional Trading of Adient

A number of large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of Adient in the third quarter valued at $216,000. PharVision Advisers LLC purchased a new stake in Adient during the 3rd quarter worth about $351,000. Verition Fund Management LLC raised its position in Adient by 4.5% in the 3rd quarter. Verition Fund Management LLC now owns 97,297 shares of the company’s stock valued at $2,343,000 after purchasing an additional 4,180 shares in the last quarter. Quarry LP raised its position in Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Adient in the 3rd quarter valued at about $766,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Up 1.9%

Shares of ADNT opened at $19.22 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of -5.76, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. Adient has a 12-month low of $10.04 and a 12-month high of $26.16. The company’s 50-day moving average price is $22.01 and its 200 day moving average price is $21.52. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $3.51 billion for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%. On average, sell-side analysts forecast that Adient will post 1.76 earnings per share 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.