Adient (NYSE:ADNT) Rating Increased to Buy at StockNews.com

Adient (NYSE:ADNT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

ADNT has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. Barclays reduced their price objective on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. UBS Group decreased their target price on Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley decreased their price objective on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.38.

Adient Stock Performance

Adient stock opened at $20.89 on Monday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 90.83, a P/E/G ratio of 0.40 and a beta of 2.18. The stock has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $24.00. Adient has a 52-week low of $19.30 and a 52-week high of $37.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87.

Adient (NYSE:ADNT) last announced its 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. Adient had a net margin of 0.50% and a return on equity of 6.34%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts anticipate that Adient will post 2.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several institutional investors have recently modified their holdings of ADNT. CWM LLC lifted its holdings in Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares during the period. US Bancorp DE raised its position in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after acquiring an additional 1,588 shares during the last quarter. Signaturefd LLC raised its position in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after acquiring an additional 1,822 shares during the last quarter. KBC Group NV lifted its stake in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares during the period. Finally, Covestor Ltd boosted its position in shares of Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after purchasing an additional 2,210 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.