Adient (NYSE:ADNT) Upgraded to Buy at StockNews.com

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

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Morgan Stanley decreased their price objective on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Barclays downgraded Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday, April 15th. Citigroup assumed coverage on Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Adient has an average rating of “Hold” and an average target price of $18.44.

Adient Price Performance

ADNT stock opened at $12.54 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient has a one year low of $10.04 and a one year high of $31.19. The stock has a market cap of $1.05 billion, a PE ratio of 627.00, a P/E/G ratio of 0.34 and a beta of 1.97. The firm has a 50 day simple moving average of $13.39 and a two-hundred day simple moving average of $16.82.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the business earned $0.31 EPS. On average, analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Adient by 127.0% in the 3rd quarter. Barclays PLC now owns 208,239 shares of the company’s stock worth $4,701,000 after buying an additional 116,518 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Adient by 85.4% in the 3rd quarter. Franklin Resources Inc. now owns 59,694 shares of the company’s stock worth $1,305,000 after buying an additional 27,491 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after buying an additional 109,850 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Adient by 1.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 209,674 shares of the company’s stock worth $3,613,000 after buying an additional 3,816 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.