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

Shares of Adient plc (NYSE:ADNT) have been assigned a consensus rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.00.

Several research firms recently commented on ADNT. Citigroup initiated coverage on Adient in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. UBS Group raised their price objective on Adient from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Finally, Barclays cut Adient from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th.

Adient Trading Up 2.0%

Adient stock opened at $15.80 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient has a one year low of $10.04 and a one year high of $29.28. The stock has a market capitalization of $1.33 billion, a PE ratio of 790.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60. The business’s fifty day moving average is $12.91 and its 200 day moving average is $16.13.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm posted $0.54 earnings per share. Adient’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Adient will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Adient

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in Adient during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group boosted its holdings in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after purchasing an additional 2,124 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after purchasing an additional 1,367 shares during the period. R Squared Ltd purchased a new position in shares of Adient in the 4th quarter worth approximately $32,000. Finally, IFP Advisors Inc boosted its holdings in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares during the period. Hedge funds and other institutional investors 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.