Adient (NYSE:ADNT) Sets New 1-Year Low – Time to Sell?

Adient plc (NYSE:ADNT) shares hit a new 52-week low on Thursday . The company traded as low as $11.69 and last traded at $11.74, with a volume of 177712 shares trading hands. The stock had previously closed at $12.82.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ADNT shares. Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. UBS Group raised their target price on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays reduced their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $27.00 to $20.00 in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Adient has a consensus rating of “Hold” and an average target price of $20.88.

Adient Price Performance

The firm’s fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $18.32. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The firm has a market cap of $997.29 million, a PE ratio of 594.45, a P/E/G ratio of 0.34 and a beta of 1.97.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm posted $0.31 EPS. As a group, research analysts expect that Adient plc will post 1.76 EPS for the current year.

Institutional Trading of Adient

Institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its stake in Adient by 10.6% in the 4th quarter. Covestor Ltd now owns 6,062 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the period. Mariner LLC boosted its position in shares of Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock worth $175,000 after acquiring an additional 801 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Adient during the fourth quarter worth $25,000. Oarsman Capital Inc. grew its stake in Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock valued at $51,000 after acquiring an additional 1,473 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Adient in the 4th quarter valued at $32,000. Hedge funds and other institutional investors 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.