Adient plc (NYSE:ADNT) Receives Consensus Rating of “Reduce” from Brokerages

Adient plc (NYSE:ADNT) has received an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $20.88.

A number of equities research analysts have recently weighed in on ADNT shares. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group raised their price objective on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Barclays reduced their price target on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Adient by 9.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after purchasing an additional 803,961 shares in the last quarter. State Street Corp lifted its position in shares of Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after purchasing an additional 158,017 shares during the period. Invesco Ltd. boosted its stake in shares of Adient by 22.0% during the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock valued at $24,364,000 after purchasing an additional 254,951 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Adient by 6.8% during the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after buying an additional 72,077 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Down 5.1 %

Shares of NYSE:ADNT opened at $12.83 on Monday. The firm has a fifty day moving average of $15.95 and a 200 day moving average of $18.46. Adient has a 52-week low of $12.55 and a 52-week high of $32.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The firm has a market capitalization of $1.08 billion, a PE ratio of 641.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last announced its quarterly earnings data 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 period in the prior year, the business earned $0.31 EPS. As a group, research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

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.