StockNews.com Upgrades Adient (NYSE:ADNT) to Buy

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

Several other analysts have also recently commented on the company. Bank of America cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 target price on shares of Adient in a research report on Tuesday, September 10th. Morgan Stanley lowered their target price on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Wolfe Research initiated coverage on Adient in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $27.00 to $20.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

Adient Price Performance

NYSE ADNT opened at $17.44 on Friday. The company has a 50-day moving average price of $19.59 and a two-hundred day moving average price of $21.95. Adient has a 52 week low of $16.43 and a 52 week high of $37.04. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 75.83, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98.

Adient (NYSE:ADNT) last issued its quarterly earnings data 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 return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts forecast that Adient will post 2.04 EPS for the current year.

Insider Buying and Selling at Adient

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

Institutional Investors Weigh In On Adient

Several large investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Adient by 9.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after acquiring an additional 442,200 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Adient by 38,074.9% during the 3rd quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after acquiring an additional 5,130,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Adient by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock worth $125,480,000 after acquiring an additional 61,342 shares in the last quarter. State Street Corp boosted its stake in shares of Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after acquiring an additional 158,017 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after acquiring an additional 877,142 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Adient Company Profile

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.