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

Adient (NYSE:ADNT) has earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.0625.

A number of equities analysts have commented on ADNT shares. Wall Street Zen downgraded shares of Adient from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research report on Wednesday, October 8th. UBS Group cut their target price on shares of Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley raised Adient from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $17.00 to $20.00 in a report on Monday, December 8th. Finally, Stifel Nicolaus dropped their price target on Adient from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th.

Insider Transactions at Adient

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the sale, the executive vice president directly owned 116,425 shares in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Institutional Trading of Adient

A number of large investors have recently modified their holdings of ADNT. Brooklyn Investment Group boosted its stake in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after purchasing an additional 2,124 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Adient by 62.6% during the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after buying an additional 1,982 shares in the last quarter. Fifth Third Bancorp increased its position in Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock valued at $42,000 after acquiring an additional 1,802 shares during the period. Finally, Parallel Advisors LLC raised its stake in Adient by 13,957.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock valued at $52,000 after acquiring an additional 2,652 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Up 0.5%

Shares of Adient stock opened at $19.48 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The firm has a market cap of $1.54 billion, a P/E ratio of -5.83, a P/E/G ratio of 0.64 and a beta of 1.63. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The business has a 50-day moving average price of $20.19 and a 200 day moving average price of $21.97.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The firm had revenue of $3.51 billion during the quarter. On average, sell-side analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.