Adient plc (NYSE:ADNT) Given Consensus Rating of “Hold” by Brokerages

Shares of Adient plc (NYSE:ADNT) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.38.

Several equities research analysts recently commented on ADNT shares. Wells Fargo & Company cut their price target on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wolfe Research began coverage on Adient in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 target price on shares of Adient in a research report on Tuesday, September 10th.

Adient Stock Down 0.6 %

Shares of NYSE ADNT opened at $18.96 on Friday. Adient has a 1 year low of $18.53 and a 1 year high of $37.19. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 82.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The business has a 50-day moving average of $20.39 and a two-hundred day moving average of $22.60.

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

Insider Transactions at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its holdings in Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after purchasing an additional 443 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Adient by 7.7% in the second quarter. SG Americas Securities LLC now owns 31,979 shares of the company’s stock valued at $790,000 after buying an additional 2,296 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Adient by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock worth $449,000 after acquiring an additional 556 shares during the period. Bank of New York Mellon Corp raised its position in Adient by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company’s stock worth $22,829,000 after acquiring an additional 5,426 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Adient by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,532 shares of the company’s stock valued at $507,000 after acquiring an additional 2,853 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.