Adient plc (NYSE:ADNT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Adient plc (NYSE:ADNT) have been given an average rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.63.

Several research firms have recently weighed in on ADNT. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price on the stock in a report on Monday, July 1st. Wells Fargo & Company dropped their price target on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wolfe Research initiated coverage on shares of Adient in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Morgan Stanley decreased their target price on shares of Adient from $32.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th.

Adient Price Performance

NYSE:ADNT opened at $23.70 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. The business’s 50-day moving average price is $22.43 and its 200 day moving average price is $26.23. Adient has a 52-week low of $19.40 and a 52-week high of $37.21. The firm has a market cap of $2.13 billion, a P/E ratio of 14.54, a PEG ratio of 0.59 and a beta of 2.16.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, sell-side analysts predict that Adient will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently added to or reduced their stakes in ADNT. Susquehanna Fundamental Investments LLC bought a new stake in Adient in the first quarter worth approximately $2,710,000. Magnetar Financial LLC bought a new stake in Adient in the first quarter worth $2,746,000. Duality Advisers LP acquired a new position in Adient during the first quarter worth $1,653,000. Harbor Capital Advisors Inc. raised its holdings in Adient by 356.7% during the second quarter. Harbor Capital Advisors Inc. now owns 83,293 shares of the company’s stock valued at $2,058,000 after buying an additional 65,055 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Adient by 5.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock worth $162,495,000 after buying an additional 229,963 shares during 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.