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

Shares of Adient plc (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.38.

ADNT has been the topic of a number of analyst reports. UBS Group dropped their price target on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley reduced their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th.

Adient Stock Performance

Shares of ADNT stock opened at $19.34 on Tuesday. Adient has a 12 month low of $18.53 and a 12 month high of $37.19. The stock has a market cap of $1.64 billion, a PE ratio of 84.09, a price-to-earnings-growth ratio of 0.44 and a beta of 2.18. 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 company’s fifty day moving average price is $21.19 and its 200-day moving average price is $23.54.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. Adient’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities analysts expect that Adient will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Sei Investments Co. increased its holdings in Adient by 1.3% in the 1st quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock worth $1,686,000 after acquiring an additional 643 shares in the last quarter. ProShare Advisors LLC boosted its stake in Adient by 2.0% in the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock worth $688,000 after purchasing an additional 417 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Adient by 17.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,122 shares of the company’s stock worth $1,057,000 after purchasing an additional 4,830 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Adient by 33.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,799 shares of the company’s stock worth $377,000 after purchasing an additional 2,956 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Adient by 221.5% during the 1st quarter. Acadian Asset Management LLC now owns 12,914 shares of the company’s stock valued at $425,000 after acquiring an additional 8,897 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.