Adient plc (NYSE:ADNT) Receives Consensus Recommendation of “Hold” from Analysts

Adient plc (NYSE:ADNT) has earned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.67.

ADNT has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Adient from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Morgan Stanley reduced their price objective on Adient from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, May 10th. Bank of America reduced their price objective on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. UBS Group reduced their price objective on Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

Adient Price Performance

Shares of ADNT opened at $24.50 on Wednesday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.32 and a beta of 2.19. The stock has a 50 day moving average of $26.33 and a 200-day moving average of $30.38. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. Adient has a 52 week low of $22.93 and a 52 week high of $46.51.

Adient (NYSE:ADNT) last issued its earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm earned $0.32 EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, analysts forecast that Adient will post 2.26 EPS for the current year.

Insider Buying and Selling at Adient

In other Adient news, Director Peter Carlin sold 4,207 shares of Adient 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 sale, the director now owns 28,352 shares of the company’s stock, valued at approximately $819,372.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently modified their holdings of ADNT. CWM LLC raised its stake in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Adient in the 4th quarter worth $83,000. Covestor Ltd raised its stake in shares of Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after buying an additional 2,210 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Adient in the 1st quarter worth $135,000. Finally, Headlands Technologies LLC bought a new stake in shares of Adient in the 1st quarter worth $159,000. Institutional investors 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.