Adient plc (NYSE:ADNT - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $16.35 and last traded at $16.35, with a volume of 28573 shares. The stock had previously closed at $16.75.
Wall Street Analyst Weigh In
ADNT has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Wolfe Research assumed coverage on shares of Adient in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Bank of America lowered Adient from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. StockNews.com raised Adient from a "hold" rating to a "buy" rating in a report on Saturday, December 28th. Finally, Wells Fargo & Company downgraded shares of Adient from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $27.00 to $20.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Adient has a consensus rating of "Hold" and a consensus price target of $23.50.
Check Out Our Latest Stock Analysis on Adient
Adient Stock Up 0.7 %
The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $19.06 and a 200-day simple moving average of $21.55. The company has a market cap of $1.43 billion, a PE ratio of 73.30, a P/E/G ratio of 0.32 and a beta of 2.15.
Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Equities research analysts anticipate that Adient plc will post 2.04 EPS for the current year.
Insider Buying and Selling
In other news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the sale, the executive vice president now directly owns 51,829 shares of the company's stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.30% of the company's stock.
Institutional Investors Weigh In On Adient
A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in Adient by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company's stock valued at $22,829,000 after acquiring an additional 5,426 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Adient by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,532 shares of the company's stock worth $507,000 after buying an additional 2,853 shares during the last quarter. Bordeaux Wealth Advisors LLC purchased a new stake in Adient in the 2nd quarter valued at $895,000. Victory Capital Management Inc. raised its holdings in shares of Adient by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 19,344 shares of the company's stock worth $478,000 after acquiring an additional 2,579 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Adient by 5.3% during the 2nd quarter. Foundry Partners LLC now owns 126,279 shares of the company's stock valued at $3,120,000 after acquiring an additional 6,361 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.
Adient Company Profile
(
Get Free Report)
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.
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