Adient (NYSE:ADNT) Stock Rating Lowered by Bank of America

Bank of America lowered shares of Adient (NYSE:ADNT - Free Report) from a neutral rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports. Bank of America currently has $18.00 target price on the stock, down from their prior target price of $24.00.

Several other analysts have also commented on ADNT. UBS Group raised their price objective on Adient from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Barclays cut their target price on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Morgan Stanley cut their price objective on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.88.

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Adient Stock Performance

Adient stock traded down $0.58 during mid-day trading on Tuesday, hitting $14.95. The company had a trading volume of 1,486,256 shares, compared to its average volume of 1,210,138. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 747.70, a P/E/G ratio of 0.34 and a beta of 2.27. Adient has a 12-month low of $13.64 and a 12-month high of $35.94. The company's fifty day moving average is $16.93 and its 200-day moving average is $19.36. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS 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 quarter last year, the business posted $0.31 EPS. Equities research analysts predict that Adient will post 1.76 EPS for the current year.

Institutional Trading of Adient

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of Adient by 402.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 49,755 shares of the company's stock valued at $1,122,000 after acquiring an additional 39,851 shares during the last quarter. US Bancorp DE boosted its holdings in Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company's stock valued at $42,000 after purchasing an additional 1,588 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after buying an additional 109,850 shares during the period. Covestor Ltd increased its holdings in shares of Adient by 23.2% during the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock worth $124,000 after buying an additional 1,032 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Adient by 30.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 89,552 shares of the company's stock valued at $2,021,000 after buying an additional 20,745 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.