Shares of Adient PLC (NYSE:ADNT) have earned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.50.
A number of research firms have recently issued reports on ADNT. Goldman Sachs Group restated a “hold” rating on shares of Adient in a research report on Wednesday, January 16th. KeyCorp assumed coverage on Adient in a research report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price objective on the stock. Seaport Global Securities assumed coverage on Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating on the stock. Royal Bank of Canada downgraded Adient from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Finally, Barclays set a $19.00 price objective on Adient and gave the company a “hold” rating in a research report on Friday, January 4th.
Several hedge funds have recently modified their holdings of ADNT. American International Group Inc. raised its position in shares of Adient by 0.3% in the 4th quarter. American International Group Inc. now owns 177,164 shares of the company’s stock worth $2,668,000 after buying an additional 523 shares during the period. Arizona State Retirement System lifted its holdings in Adient by 1.1% in the fourth quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock worth $939,000 after acquiring an additional 684 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Adient by 7.4% in the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock worth $155,000 after acquiring an additional 709 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Adient by 3.6% in the fourth quarter. Commonwealth Bank of Australia now owns 25,913 shares of the company’s stock worth $390,000 after acquiring an additional 900 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Adient by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,060 shares of the company’s stock worth $332,000 after acquiring an additional 1,299 shares during the last quarter.
Adient (NYSE:ADNT) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Adient will post 2.32 earnings per share for the current year.
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
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