StockNews.com Upgrades Adient (NYSE:ADNT) to "Buy"

StockNews.com upgraded shares of Adient (NYSE:ADNT - Free Report) from a hold rating to a buy rating in a research report released on Tuesday.

ADNT has been the topic of several other research reports. UBS Group lifted their price objective on shares of Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company cut shares of Adient from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Morgan Stanley lowered their price objective on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered 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 equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.88.

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Adient Trading Down 3.1 %

Shares of Adient stock traded down $0.37 on Tuesday, hitting $11.60. 2,265,856 shares of the company's stock traded hands, compared to its average volume of 1,371,903. The firm's 50-day moving average price is $15.60 and its two-hundred day moving average price is $18.27. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The stock has a market capitalization of $973.62 million, a PE ratio of 580.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. Adient has a one year low of $10.74 and a one year high of $32.49.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS 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 in the prior year, the company posted $0.31 earnings per share. On average, research analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in Adient in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in shares of Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after purchasing an additional 1,857 shares during the last quarter. R Squared Ltd bought a new stake in shares of Adient in the fourth quarter worth $32,000. IFP Advisors Inc lifted its position in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after purchasing an additional 2,435 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.