Adient (NYSE:ADNT) Upgraded at StockNews.com

StockNews.com upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a report issued on Monday.

ADNT has been the topic of a number of other reports. Bank of America lowered their price target on shares of Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Morgan Stanley decreased their price objective on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. Finally, Wolfe Research initiated coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient presently has a consensus rating of “Hold” and an average price target of $25.13.

Adient Trading Down 3.9 %

Shares of Adient stock opened at $20.40 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Adient has a 12-month low of $19.30 and a 12-month high of $37.19. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 88.70, a PEG ratio of 0.41 and a beta of 2.18. The firm’s 50 day simple moving average is $21.38 and its two-hundred day simple moving average is $23.98.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Analysts predict that Adient will post 2.67 EPS for the current year.

Institutional Investors Weigh In On Adient

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after buying an additional 5,130,969 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Adient by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock worth $125,480,000 after purchasing an additional 61,342 shares during the last quarter. Pzena Investment Management LLC increased its position in Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after purchasing an additional 877,142 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Adient by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,457 shares of the company’s stock worth $39,943,000 after purchasing an additional 17,833 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Adient by 86.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after purchasing an additional 525,280 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.