Adient (NYSE:ADNT - Free Report) had its target price trimmed by Morgan Stanley from $19.00 to $17.00 in a report released on Monday,Benzinga reports. The firm currently has an underweight rating on the stock.
Several other research firms also recently weighed in on ADNT. Barclays dropped their target price on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. UBS Group increased their target price 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 raised Adient from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, 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. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.88.
Read Our Latest Stock Analysis on Adient
Adient Trading Up 3.9 %
NYSE:ADNT traded up $0.59 on Monday, reaching $15.51. The company's stock had a trading volume of 1,289,871 shares, compared to its average volume of 1,207,147. Adient has a 12-month low of $13.64 and a 12-month high of $35.94. The stock has a 50 day moving average price of $16.97 and a 200 day moving average price of $19.39. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 775.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.
Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (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 in the previous year, the business earned $0.31 earnings per share. On average, equities analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of Adient by 66.1% during the third quarter. Louisiana State Employees Retirement System now owns 42,200 shares of the company's stock worth $952,000 after purchasing an additional 16,800 shares in the last quarter. 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 worth $1,122,000 after acquiring an additional 39,851 shares in the last quarter. US Bancorp DE raised its position in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after acquiring an additional 1,588 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Adient by 147.1% during the third quarter. Harbor Capital Advisors Inc. now owns 205,858 shares of the company's stock worth $4,646,000 after purchasing an additional 122,565 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after purchasing an additional 109,850 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.
About Adient
(
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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.
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