Wall Street Zen Upgrades Adient (NYSE:ADNT) to Strong-Buy

Adient (NYSE:ADNT) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley upped their price target on Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 12th. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 7th. Wells Fargo & Company upgraded Adient from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $24.00 to $31.00 in a research note on Thursday, September 25th. Bank of America boosted their price target on Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. Finally, Stifel Nicolaus initiated coverage on shares of Adient in a report on Thursday, August 21st. They set a “buy” rating and a $27.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.13.

Adient Stock Down 1.3%

NYSE:ADNT opened at $22.78 on Friday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The stock has a market capitalization of $1.85 billion, a P/E ratio of -8.59, a P/E/G ratio of 0.82 and a beta of 1.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12. The company’s 50-day simple moving average is $24.14 and its 200-day simple moving average is $19.57.

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

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently modified their holdings of ADNT. Greenwich Wealth Management LLC raised its holdings in shares of Adient by 1.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after buying an additional 435 shares during the period. Covestor Ltd increased its stake in Adient by 15.2% during the first quarter. Covestor Ltd now owns 6,984 shares of the company’s stock worth $90,000 after purchasing an additional 922 shares during the period. Yousif Capital Management LLC lifted its position in shares of Adient by 3.1% during the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock worth $727,000 after purchasing an additional 1,114 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Adient by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company’s stock valued at $670,000 after purchasing an additional 1,204 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock valued at $29,000 after purchasing an additional 1,367 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.