Adient (NYSE:ADNT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Adient (NYSE:ADNTGet Free Report) have been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.3333.

Several brokerages have recently issued reports on ADNT. Wells Fargo & Company boosted their price objective on Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Citigroup raised Adient from a “neutral” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Adient from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, UBS Group lifted their target price on shares of Adient from $33.00 to $34.00 and gave the company a “buy” rating in a report on Thursday.

Read Our Latest Stock Analysis on Adient

Adient Stock Performance

Shares of ADNT traded up $0.43 during trading hours on Friday, reaching $19.92. 758,248 shares of the company traded hands, compared to its average volume of 1,064,088. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average price of $21.15 and a 200-day moving average price of $21.52. Adient has a 12-month low of $17.68 and a 12-month high of $27.32. The stock has a market capitalization of $1.56 billion, a P/E ratio of 28.06, a P/E/G ratio of 0.37 and a beta of 1.53.

Adient (NYSE:ADNTGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Adient’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that Adient will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Adient during the 1st quarter worth about $274,000. Segall Bryant & Hamill LLC purchased a new position in Adient in the 1st quarter valued at about $1,404,000. Bank of America Corp DE raised its holdings in shares of Adient by 61.7% during the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock valued at $16,017,000 after acquiring an additional 302,538 shares during the last quarter. Finally, Amundi lifted its position in shares of Adient by 21.7% in the first quarter. Amundi now owns 143,022 shares of the company’s stock valued at $2,890,000 after acquiring an additional 25,541 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Company Profile

(Get Free Report)

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.

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Analyst Recommendations for Adient (NYSE:ADNT)

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