Adient (NYSE:ADNT) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Adient (NYSE:ADNT) from a buy rating to a hold rating in a report issued on Wednesday morning.

Other research analysts have also recently issued reports about the company. UBS Group raised their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $24.00 to $18.00 in a research note on Tuesday. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Barclays lowered their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.88.

Adient Stock Down 3.7 %

NYSE:ADNT opened at $14.95 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient has a twelve month low of $13.64 and a twelve month high of $35.94. The company has a market cap of $1.26 billion, a PE ratio of 747.70, a P/E/G ratio of 0.34 and a beta of 2.27. The company’s 50 day moving average is $16.88 and its two-hundred day moving average is $19.31.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the company earned $0.31 EPS. Analysts anticipate that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently modified their holdings of ADNT. Point72 Hong Kong Ltd acquired a new position in Adient in the 4th quarter worth about $25,000. Versant Capital Management Inc lifted its position in shares of Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after buying an additional 1,857 shares in the last quarter. R Squared Ltd purchased a new position in shares of Adient during the 4th quarter valued at approximately $32,000. IFP Advisors Inc grew its stake in Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after acquiring an additional 2,285 shares during the period. Finally, US Bancorp DE increased its holdings in Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares in 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.