Adient (NYSE:ADNT) Trading Up 4.2%

Adient plc (NYSE:ADNT)’s stock price shot up 4.2% during trading on Tuesday . The stock traded as high as $21.32 and last traded at $21.32. 13,536 shares were traded during trading, a decline of 99% from the average session volume of 1,122,782 shares. The stock had previously closed at $20.46.

Analyst Ratings Changes

Several equities analysts have issued reports on ADNT shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. Wolfe Research began coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Bank of America decreased their target price on shares of Adient from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Morgan Stanley dropped their price target on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Finally, BNP Paribas upgraded 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

Adient Price Performance

The business’s fifty day simple moving average is $22.80 and its 200 day simple moving average is $27.00. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.53 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. Adient’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, research analysts forecast that Adient plc will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. CWM LLC raised its stake in shares of 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 period. Covestor Ltd raised its position in Adient by 201.5% in the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after acquiring an additional 2,210 shares during the period. Lazard Asset Management LLC purchased a new position in Adient in the first quarter valued at about $135,000. TFO Wealth Partners LLC boosted its stake in Adient by 41,090.9% in the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock valued at $1,650,000 after acquiring an additional 4,520 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Adient during the 1st quarter valued at approximately $159,000. Hedge funds and other 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.