Adient (NYSE:ADNT) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Adient (NYSE:ADNT) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities analysts also recently commented on the stock. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. UBS Group dropped their price objective on Adient from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Morgan Stanley cut their price objective on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Barclays downgraded shares of Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.00.

Adient Trading Up 4.4 %

ADNT opened at $11.44 on Friday. The stock has a market capitalization of $959.94 million, a P/E ratio of 571.85, a P/E/G ratio of 0.34 and a beta of 1.97. The firm’s fifty day simple moving average is $13.98 and its 200 day simple moving average is $17.29. Adient has a 12 month low of $10.04 and a 12 month high of $31.19. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, January 28th. The company reported $0.27 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 period in the prior year, the firm posted $0.31 earnings per share. As a group, research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Adient by 96.5% during the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company’s stock worth $13,828,000 after buying an additional 394,111 shares during the last quarter. Pzena Investment Management LLC raised its stake in Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after acquiring an additional 803,961 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Adient by 263.6% in the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock worth $1,383,000 after acquiring an additional 58,209 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 valued at $9,281,000 after purchasing an additional 109,850 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after purchasing an additional 2,285 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.