Adient plc (NYSE:ADNT) Receives Average Rating of “Reduce” from Brokerages

Shares of Adient plc (NYSE:ADNT) have received a consensus rating of “Reduce” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.88.

ADNT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. Finally, Morgan Stanley lowered their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd.

Adient Price Performance

Adient stock opened at $12.83 on Monday. Adient has a 52 week low of $12.55 and a 52 week high of $32.79. The company’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $18.46. The stock has a market cap of $1.08 billion, a P/E ratio of 641.25, a P/E/G ratio of 0.34 and a beta of 2.27. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

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

Institutional Trading of Adient

A number of institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its holdings in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after purchasing an additional 803,961 shares during the period. BNP Paribas Financial Markets raised its position in shares of Adient by 144.9% in the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock worth $4,750,000 after buying an additional 124,539 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock valued at $1,576,000 after buying an additional 46,766 shares during the period. Principal Financial Group Inc. boosted its stake in Adient by 36.5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock valued at $9,281,000 after buying an additional 109,850 shares during the period. Finally, Quantbot Technologies LP grew its position in Adient by 263.6% during the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock worth $1,383,000 after buying an additional 58,209 shares in the last quarter. 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.