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 research note released on Monday.

A number of other brokerages have also recently commented on ADNT. Wolfe Research began coverage on shares of Adient in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 target price on shares of Adient in a report on Tuesday, September 10th. Barclays cut their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their target price 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, JPMorgan Chase & Co. cut their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Adient presently has a consensus rating of “Hold” and an average target price of $25.13.

Adient Stock Down 3.9 %

ADNT 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 twelve month low of $19.30 and a twelve month high of $37.19. The company’s 50 day moving average is $21.38 and its two-hundred day moving average is $23.98. The stock has a market cap of $1.78 billion, a P/E ratio of 88.70, a PEG ratio of 0.41 and a beta of 2.18.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Research analysts expect that Adient will post 2.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adient

Institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares during the period. US Bancorp DE boosted its position in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares in the last quarter. Signaturefd LLC boosted its position in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after purchasing an additional 1,822 shares in the last quarter. KBC Group NV boosted its position in shares of Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after purchasing an additional 2,210 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.