Adient plc (NYSE:ADNT) Receives Average Rating of “Hold” from Brokerages

Adient plc (NYSE:ADNT) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.33.

Several equities research analysts have recently weighed in on ADNT shares. Bank of America reduced their price target on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company cut their price target on shares of Adient from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Monday, July 1st. Barclays decreased their price target on shares of Adient from $34.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered their target price on Adient from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Monday.

Adient Stock Performance

NYSE:ADNT opened at $25.48 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The stock’s fifty day moving average is $26.25 and its 200 day moving average is $30.32. The firm has a market capitalization of $2.29 billion, a PE ratio of 15.63, a PEG ratio of 0.32 and a beta of 2.19. Adient has a fifty-two week low of $22.93 and a fifty-two week high of $46.51.

Adient (NYSE:ADNT) last announced its earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Adient will post 2.26 earnings per share for the current year.

Insider Activity at Adient

In other news, Director Peter Carlin sold 4,207 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $28.90, for a total transaction of $121,582.30. Following the transaction, the director now directly owns 28,352 shares of the company’s stock, valued at $819,372.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adient

Several hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in Adient by 44.5% during the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after purchasing an additional 443 shares during the last quarter. Partnership Wealth Management LLC purchased a new stake in shares of Adient during the fourth quarter valued at $83,000. Covestor Ltd increased its position in shares of Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after acquiring an additional 2,210 shares during the period. Lazard Asset Management LLC purchased a new position in Adient in the 1st quarter worth $135,000. Finally, Headlands Technologies LLC acquired a new stake in Adient during the 1st quarter worth about $159,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.