Adient plc (NYSE:ADNT) Receives Average Rating of "Hold" from Brokerages

Shares of Adient plc (NYSE:ADNT - Get Free Report) have been given an average recommendation of "Hold" by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.13.

A number of equities research analysts recently weighed in on ADNT shares. 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 research note on Thursday, November 14th. Wolfe Research assumed coverage on shares of Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. UBS Group decreased their target price on Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Barclays reduced their price target on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th.

Adient Trading Down 4.1 %

NYSE ADNT traded down $0.80 on Tuesday, reaching $18.95. The company had a trading volume of 1,099,927 shares, compared to its average volume of 1,234,904. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 85.87, a P/E/G ratio of 0.46 and a beta of 2.18. The business has a 50 day moving average of $21.32 and a two-hundred day moving average of $23.80. Adient has a fifty-two week low of $18.95 and a fifty-two week high of $37.19.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its position in Adient by 1.3% during the 1st quarter. Sei Investments Co. now owns 51,206 shares of the company's stock worth $1,686,000 after acquiring an additional 643 shares during the period. ProShare Advisors LLC raised its holdings in shares of Adient by 2.0% in the first quarter. ProShare Advisors LLC now owns 20,885 shares of the company's stock worth $688,000 after acquiring an additional 417 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Adient by 17.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 32,122 shares of the company's stock worth $1,057,000 after acquiring an additional 4,830 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Adient by 33.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,799 shares of the company's stock worth $377,000 after acquiring an additional 2,956 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Adient by 221.5% in the first quarter. Acadian Asset Management LLC now owns 12,914 shares of the company's stock valued at $425,000 after purchasing an additional 8,897 shares during the period. 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.