Adient (NYSE:ADNT) Stock Rating Upgraded by StockNews.com

Adient (NYSE:ADNT - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Saturday.

ADNT has been the subject of a number of other reports. Barclays cut shares of Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Morgan Stanley decreased their price target on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Citigroup assumed coverage on shares of Adient in a research report on Wednesday. They set a "neutral" rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.44.

Adient Trading Down 2.1 %

Shares of ADNT opened at $12.54 on Friday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $31.19. The company has a market capitalization of $1.05 billion, a PE ratio of 627.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. The stock has a fifty day moving average of $13.48 and a two-hundred day moving average of $16.96. 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 released its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.31 EPS. As a group, analysts forecast that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC raised its holdings in shares of Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after purchasing an additional 803,961 shares in the last quarter. Invesco Ltd. grew its position in Adient by 22.0% in the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock worth $24,364,000 after buying an additional 254,951 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock valued at $19,464,000 after buying an additional 72,077 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Adient by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after acquiring an additional 127,826 shares during the last quarter. Finally, Lyrical Asset Management LP boosted its stake in shares of Adient by 0.5% during the 4th quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock worth $17,590,000 after acquiring an additional 4,984 shares in the last quarter. 92.44% of the stock is 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.

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