Adient (NYSE:ADNT) Raised to "Buy" at StockNews.com

Adient (NYSE:ADNT - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. Wolfe Research initiated coverage on Adient in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. Wells Fargo & Company cut shares of Adient from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a research report on Thursday, November 14th. Finally, Bank of America downgraded Adient from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Adient has a consensus rating of "Hold" and a consensus target price of $23.50.

Adient Price Performance

NYSE:ADNT traded down $0.08 on Friday, reaching $17.44. The stock had a trading volume of 908,974 shares, compared to its average volume of 1,225,832. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.48 billion, a P/E ratio of 75.83, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. Adient has a 1-year low of $16.43 and a 1-year high of $37.04. The stock has a fifty day moving average price of $19.48 and a 200-day moving average price of $21.88.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.51 EPS. Adient's revenue was down 3.7% compared to the same quarter last year. Research analysts forecast that Adient will post 2.04 EPS for the current year.

Insiders Place Their Bets

In other news, EVP James Conklin sold 11,500 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares of the company's stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Institutional Trading of Adient

Several hedge funds have recently added to or reduced their stakes in ADNT. US Bancorp DE raised its position in shares of Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after purchasing an additional 1,588 shares during the period. Signaturefd LLC increased its stake in Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company's stock worth $49,000 after purchasing an additional 1,822 shares in the last quarter. KBC Group NV raised its holdings in Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock worth $75,000 after buying an additional 1,136 shares during the period. Covestor Ltd lifted its stake in Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after buying an additional 1,032 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Adient in the second quarter valued at approximately $227,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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.