Adient (NYSE:ADNT) Sets New 1-Year Low - What's Next?

Adient plc (NYSE:ADNT - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.38 and last traded at $19.40, with a volume of 12521 shares. The stock had previously closed at $19.74.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research assumed coverage on Adient in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Bank of America reduced their price target on Adient from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their price target on Adient from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.38.

Adient Stock Down 0.1 %

The business has a 50 day moving average of $21.66 and a 200-day moving average of $24.38. The stock has a market cap of $1.72 billion, a PE ratio of 26.59, a P/E/G ratio of 0.39 and a beta of 2.18. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The company's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Equities research analysts predict that Adient plc will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of Adient in the 3rd quarter valued at approximately $2,843,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Adient by 30.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 89,552 shares of the company's stock valued at $2,021,000 after buying an additional 20,745 shares in the last quarter. Covestor Ltd boosted its stake in shares of Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after buying an additional 1,032 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after buying an additional 109,850 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Adient by 147.1% in the third quarter. Harbor Capital Advisors Inc. now owns 205,858 shares of the company's stock valued at $4,646,000 after buying an additional 122,565 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other 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.