Adient (NYSE:ADNT) Sets New 12-Month Low - What's Next?

Adient plc (NYSE:ADNT - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as $19.15 and last traded at $19.16, with a volume of 14070 shares traded. The stock had previously closed at $19.75.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADNT. Barclays lowered their price target on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their target price on shares of Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Bank of America cut their price target on Adient from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, October 14th. UBS Group decreased their price objective on Adient from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Adient has an average rating of "Hold" and a consensus price target of $25.13.

Adient Trading Down 4.1 %

The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.65 billion, a PE ratio of 82.39, a PEG ratio of 0.46 and a beta of 2.18. The firm has a fifty day simple moving average of $21.29 and a two-hundred day simple moving average of $23.73.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. Adient's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities analysts expect that Adient plc will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after acquiring an additional 443 shares during the last quarter. US Bancorp DE lifted its stake in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after purchasing an additional 1,588 shares during the last quarter. Signaturefd LLC boosted its position in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company's stock valued at $49,000 after buying an additional 1,822 shares during the period. KBC Group NV boosted its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company's stock valued at $75,000 after buying an additional 1,136 shares during the period. Finally, Covestor Ltd grew its stake in shares of Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company's stock valued at $109,000 after buying an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.