Adient (NYSE:ADNT – Get Free Report) gapped up before the market opened on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $18.76, but opened at $19.30. JPMorgan Chase & Co. now has a $25.00 price target on the stock. Adient shares last traded at $18.9590, with a volume of 77,062 shares changing hands.
A number of other research analysts have also recently commented on ADNT. Zacks Research cut Adient from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Citigroup decreased their price objective on Adient from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. BNP Paribas Exane raised shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Thursday, July 30th. Wall Street Zen lowered shares of Adient from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus reduced their target price on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.30.
Read Our Latest Stock Report on Adient
Insider Transactions at Adient
Institutional Investors Weigh In On Adient
Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of Adient by 1,689.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,699,029 shares of the company’s stock worth $31,228,000 after acquiring an additional 1,604,107 shares during the last quarter. SG Americas Securities LLC increased its stake in Adient by 117.8% in the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after acquiring an additional 494,054 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Adient by 179.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 527,356 shares of the company’s stock valued at $10,658,000 after purchasing an additional 338,517 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Adient by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock valued at $46,349,000 after purchasing an additional 336,306 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Adient by 61.7% during the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock worth $16,017,000 after purchasing an additional 302,538 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.
Adient Stock Performance
The company has a 50 day simple moving average of $19.70 and a 200-day simple moving average of $20.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock has a market cap of $1.45 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52.
Adient (NYSE:ADNT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. Adient’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. On average, equities analysts expect that Adient will post 2.02 earnings per share for the current fiscal year.
Adient Company Profile
Adient plc (NYSE: ADNT) is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.
The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.
Adient became an independent public company in 2016 after being separated from Johnson Controls’ automotive seating business.
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