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

Shares of Adient plc (NYSE:ADNT) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.63.

Several brokerages have recently issued reports on ADNT. Barclays decreased their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. UBS Group dropped their target price on Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Bank of America decreased their price target on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Monday, July 1st.

Adient Price Performance

Shares of Adient stock opened at $22.16 on Monday. The firm has a market cap of $1.99 billion, a PE ratio of 13.60, a PEG ratio of 0.59 and a beta of 2.16. The stock has a 50 day moving average of $22.13 and a 200 day moving average of $25.86. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Adient has a 12 month low of $19.40 and a 12 month high of $37.19.

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

Hedge Funds Weigh In On Adient

Hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its stake in Adient by 44.1% in the third quarter. Handelsbanken Fonder AB now owns 28,760 shares of the company’s stock worth $649,000 after purchasing an additional 8,800 shares in the last quarter. Creative Planning increased its stake in shares of Adient by 44.2% during the second quarter. Creative Planning now owns 15,417 shares of the company’s stock valued at $381,000 after buying an additional 4,728 shares during the period. Algert Global LLC bought a new stake in shares of Adient in the second quarter valued at about $227,000. Susquehanna Fundamental Investments LLC lifted its stake in Adient by 85.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock worth $3,779,000 after acquiring an additional 70,611 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after acquiring an additional 525,280 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.