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 report issued on Saturday morning.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. UBS Group reduced their price objective on shares of Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Citigroup began coverage on shares of Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.44.

Adient Price Performance

Shares of ADNT opened at $12.54 on Friday. Adient has a 52-week low of $10.04 and a 52-week high of $31.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The business’s 50 day moving average price is $13.39 and its two-hundred day moving average price is $16.82. The firm has a market cap of $1.05 billion, a PE ratio of 627.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $0.31 EPS. On average, equities analysts anticipate that Adient will post 1.76 EPS for the current year.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC raised its position in shares of Adient by 28.5% in the fourth 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. Invesco Ltd. raised its position in shares of Adient by 22.0% in the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock valued at $24,364,000 after purchasing an additional 254,951 shares during the period. Northern Trust Corp raised its position in shares of Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after purchasing an additional 72,077 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Adient by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company’s stock valued at $18,803,000 after purchasing an additional 127,826 shares during the period. Finally, Lyrical Asset Management LP raised its position in shares of Adient by 0.5% in the fourth quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company’s stock valued at $17,590,000 after purchasing an additional 4,984 shares during the period. 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.