Adient (NYSE:ADNT) Receives Average Rating of “Hold” from Analysts

Adient (NYSE:ADNT) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $26.60.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Citigroup decreased their price target on Adient from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $28.00 target price on shares of Adient in a research report on Thursday, August 6th. Barclays lowered their price target on shares of Adient from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Adient from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, August 10th.

Adient Price Performance

ADNT opened at $19.09 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock has a market capitalization of $1.47 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52. The company’s 50 day simple moving average is $19.76 and its 200-day simple moving average is $21.21. Adient has a one year low of $17.68 and a one year high of $27.32.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). Adient had a return on equity of 7.32% and a net margin of 0.32%.The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Adient will post 2.02 earnings per share for the current fiscal year.

Insider Activity at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the sale, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. The trade was a 16.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently made changes to their positions in ADNT. Leonteq Securities AG acquired a new position in Adient in the fourth quarter valued at about $30,000. Quarry LP grew its position in shares of Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Adient in the 2nd quarter valued at about $63,000. Parallel Advisors LLC increased its stake in shares of Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Adient in the 4th quarter valued at approximately $64,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.