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 issued to investors on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. 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. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. Wolfe Research initiated coverage on Adient in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley cut their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

Adient Trading Down 1.4 %

Adient stock opened at $17.19 on Friday. Adient has a 12 month low of $16.43 and a 12 month high of $37.04. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $19.39 and its two-hundred day simple moving average is $21.73. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 74.74, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, equities analysts predict that Adient will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently bought and sold shares of ADNT. US Bancorp DE boosted its position in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares during the last quarter. Signaturefd LLC grew its position in Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after acquiring an additional 1,822 shares in the last quarter. KBC Group NV increased its stake in 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 buying an additional 1,136 shares during the period. Covestor Ltd raised its stake in shares of Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Adient during the second quarter worth about $227,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.