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

Adient plc (NYSE:ADNT - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $10.24 and last traded at $10.33, with a volume of 1566691 shares changing hands. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADNT. Wells Fargo & Company lowered shares of Adient from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Morgan Stanley decreased their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.00.

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Adient Trading Up 1.3 %

The business has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $17.63. The stock has a market capitalization of $884.65 million, a price-to-earnings ratio of 527.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, research analysts expect that Adient plc will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

A number of large investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Adient by 4.8% in the third quarter. State Street Corp now owns 3,443,471 shares of the company's stock valued at $77,719,000 after buying an additional 158,017 shares in the last quarter. Barclays PLC grew its holdings in Adient by 127.0% during the third quarter. Barclays PLC now owns 208,239 shares of the company's stock valued at $4,701,000 after purchasing an additional 116,518 shares during the period. M&T Bank Corp bought a new position in shares of Adient during the 3rd quarter worth $357,000. Franklin Resources Inc. increased its stake in shares of Adient by 85.4% in the third quarter. Franklin Resources Inc. now owns 59,694 shares of the company's stock worth $1,305,000 after purchasing an additional 27,491 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Adient by 36.5% in the 3rd 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. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About Adient

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.