Shares of Adient plc (NYSE:ADNT - Get Free Report) have received a consensus recommendation of "Hold" from the nine brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.63.
ADNT has been the subject of a number of research analyst reports. Barclays reduced their price objective on Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. UBS Group cut their target price on Adient from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Morgan Stanley decreased their price target on Adient from $32.00 to $21.00 and set an "underweight" rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. decreased their price target on shares of Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Finally, Wolfe Research started coverage on Adient in a research report on Thursday, September 5th. They set a "peer perform" rating for the company.
Get Our Latest Stock Report on ADNT
Institutional Trading of Adient
A number of hedge funds have recently added to or reduced their stakes in ADNT. Creative Planning increased its position in Adient by 44.2% during the 2nd quarter. Creative Planning now owns 15,417 shares of the company's stock worth $381,000 after purchasing an additional 4,728 shares in the last quarter. Algert Global LLC acquired a new stake in Adient during the second quarter valued at approximately $227,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Adient by 85.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company's stock worth $3,779,000 after buying an additional 70,611 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock worth $28,019,000 after purchasing an additional 525,280 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Adient by 1,922.1% during the second quarter. Dark Forest Capital Management LP now owns 148,520 shares of the company's stock valued at $3,670,000 after acquiring an additional 141,175 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.
Adient Price Performance
Shares of ADNT stock traded down $1.12 during mid-day trading on Monday, reaching $22.58. The company's stock had a trading volume of 811,398 shares, compared to its average volume of 1,263,195. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. The firm's 50-day moving average is $22.43 and its two-hundred day moving average is $26.23. Adient has a 1-year low of $19.40 and a 1-year high of $37.19. The company has a market cap of $2.03 billion, a P/E ratio of 14.54, a PEG ratio of 0.59 and a beta of 2.16.
Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.30). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.82 billion. Adient had a net margin of 0.50% and a return on equity of 6.34%. Adient's revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. On average, research analysts predict that Adient will post 1.77 earnings per share for the current year.
Adient Company Profile
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Get Free ReportAdient 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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