Adient PLC (NYSE:ADNT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $13.36 and last traded at $13.13, with a volume of 65818 shares traded. The stock had previously closed at $14.14.

A number of brokerages have recently weighed in on ADNT. Royal Bank of Canada lowered Adient from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Deutsche Bank started coverage on Adient in a research report on Thursday, December 13th. They issued a “hold” rating for the company. Seaport Global Securities started coverage on Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating for the company. Morgan Stanley set a $16.00 price target on Adient and gave the company a “sell” rating in a research report on Tuesday, January 29th. Finally, KeyCorp raised Adient from an “underweight” rating to a “sector weight” rating in a research report on Monday. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Adient currently has a consensus rating of “Hold” and an average price target of $31.00.

The stock has a market cap of $1.32 billion, a P/E ratio of 2.32, a price-to-earnings-growth ratio of 0.52 and a beta of 2.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77.

Adient (NYSE:ADNT) last announced its earnings results on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the prior year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts anticipate that Adient PLC will post 2.32 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Parametrica Management Ltd purchased a new stake in shares of Adient during the 4th quarter valued at $328,000. Vanguard Group Inc. increased its position in shares of Adient by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,688,703 shares of the company’s stock valued at $66,383,000 after purchasing an additional 110,884 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Adient by 111.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 265,881 shares of the company’s stock valued at $10,452,000 after purchasing an additional 139,963 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Adient during the 3rd quarter valued at $1,798,000. Finally, Legal & General Group Plc increased its position in shares of Adient by 22.4% during the 3rd quarter. Legal & General Group Plc now owns 459,373 shares of the company’s stock valued at $18,058,000 after purchasing an additional 83,996 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Adient (ADNT) Hits New 12-Month Low at $13.36” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/adient-adnt-hits-new-12-month-low-at-13-36/2905013.html.

About Adient (NYSE:ADNT)

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

Further Reading: Return on Investment (ROI) Defined, Explained

Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with MarketBeat.com's FREE daily email newsletter.