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

Shares of Adient plc (NYSE:ADNT) have been given an average rating of “Reduce” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.50.

Several analysts have recently commented on ADNT shares. Morgan Stanley reduced their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Wells Fargo & Company lowered 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. Wolfe Research started coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Bank of America lowered Adient from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $24.00 in a research report on Thursday, November 21st.

Adient Price Performance

ADNT stock opened at $17.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 75.09, a PEG ratio of 0.32 and a beta of 2.15. The company’s fifty day simple moving average is $20.22 and its 200 day simple moving average is $22.39. Adient has a 12-month low of $17.12 and a 12-month high of $37.19.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. On average, analysts expect that Adient will post 2.04 earnings per share for the current year.

Insider Activity at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. CWM LLC boosted its position in Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after purchasing an additional 443 shares during the last quarter. US Bancorp DE raised its stake in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the period. Signaturefd LLC grew its position in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares during the period. KBC Group NV grew its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares during the period. Finally, Covestor Ltd increased its holdings in Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

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.