Adient plc (NYSE:ADNT) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Adient plc (NYSE:ADNT - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the nine analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.88.

A number of research firms recently issued reports on ADNT. StockNews.com downgraded shares of Adient from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley reduced their target price on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. Barclays cut their price objective on 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 shares of Adient from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $27.00 to $20.00 in a research report on Monday, December 16th. Finally, UBS Group increased their price objective on shares of Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th.

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Adient Trading Up 2.5 %

NYSE:ADNT traded up $0.36 on Monday, reaching $14.95. The stock had a trading volume of 212,461 shares, compared to its average volume of 1,284,330. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 746.30, a P/E/G ratio of 0.34 and a beta of 2.27. Adient has a 12-month low of $13.34 and a 12-month high of $33.74. 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 firm's fifty day moving average is $16.16 and its two-hundred day moving average is $18.60.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly 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 negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the company earned $0.31 earnings per share. Equities analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

A number of large investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after acquiring an additional 580 shares in the last quarter. Mariner LLC boosted its holdings in Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after purchasing an additional 801 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Adient during the 4th quarter valued at approximately $25,000. Oarsman Capital Inc. increased its holdings in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company's stock valued at $473,000 after purchasing an additional 1,633 shares in the last quarter. 92.44% of the stock is 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.