Adient (NYSE:ADNT) Stock Price Up 4.1% - Still a Buy?

Adient plc (NYSE:ADNT - Get Free Report) shot up 4.1% during trading on Tuesday . The stock traded as high as $14.46 and last traded at $14.53. 1,860,545 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 1,541,978 shares. The stock had previously closed at $13.96.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company cut Adient from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. UBS Group boosted their price objective on Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com downgraded Adient from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price target on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, Adient presently has a consensus rating of "Hold" and an average price target of $20.88.

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Adient Stock Performance

The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.08 billion, a PE ratio of 641.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The firm's fifty day moving average is $15.95 and its 200-day moving average is $18.47.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the firm earned $0.31 earnings per share. As a group, research analysts anticipate that Adient plc will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Hedge funds and other institutional investors have recently modified their holdings of the company. Jefferies Financial Group Inc. lifted its holdings in Adient by 44.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company's stock worth $229,000 after buying an additional 4,077 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Adient by 105.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company's stock worth $6,358,000 after purchasing an additional 189,574 shares during the last quarter. Vident Advisory LLC acquired a new position in Adient in the fourth quarter valued at approximately $463,000. Twinbeech Capital LP purchased a new position in Adient in the fourth quarter valued at approximately $372,000. Finally, State of Wyoming raised its holdings in Adient by 145.7% during the fourth quarter. State of Wyoming now owns 15,912 shares of the company's stock worth $274,000 after purchasing an additional 9,435 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.