Seaport Global Securities assumed coverage on shares of Adient (NYSE:ADNT) in a research note published on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating on the stock. Seaport Global Securities also issued estimates for Adient’s Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $3.00 EPS, Q1 2020 earnings at $0.91 EPS, Q2 2020 earnings at $1.04 EPS, Q3 2020 earnings at $1.21 EPS, Q4 2020 earnings at $1.48 EPS and FY2020 earnings at $4.65 EPS.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Co reaffirmed a hold rating and issued a $30.00 target price (down previously from $50.00) on shares of Adient in a research report on Wednesday, October 17th. Royal Bank of Canada downgraded Adient from a sector perform rating to an underperform rating and decreased their target price for the company 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 began coverage on Adient in a research report on Thursday, December 13th. They issued a hold rating on the stock. Morgan Stanley set a $16.00 target price on Adient and gave the company a sell rating in a research report on Tuesday, January 29th. Finally, Robert W. Baird decreased their target price on Adient from $42.00 to $25.00 and set a neutral rating on the stock in a research report on Monday, November 12th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $33.23.

NYSE:ADNT opened at $20.38 on Wednesday. Adient has a 12-month low of $14.52 and a 12-month high of $67.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.63, a price-to-earnings-growth ratio of 0.63 and a beta of 2.20.

Adient (NYSE:ADNT) last posted its earnings results on Thursday, February 7th. The company reported $0.31 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 firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the company posted $1.06 EPS. Adient’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts predict that Adient will post 2.6 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Adient by 3.4% during the fourth quarter. BlackRock Inc. now owns 8,126,262 shares of the company’s stock worth $122,382,000 after buying an additional 270,833 shares in the last quarter. Lyrical Asset Management LP grew its position in Adient by 9.5% during the third quarter. Lyrical Asset Management LP now owns 3,752,611 shares of the company’s stock worth $147,515,000 after buying an additional 326,412 shares in the last quarter. Bank of America Corp DE grew its position in Adient by 526.0% during the fourth quarter. Bank of America Corp DE now owns 3,487,956 shares of the company’s stock worth $52,529,000 after buying an additional 2,930,768 shares in the last quarter. Letko Brosseau & Associates Inc. grew its position in Adient by 36.6% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 2,207,536 shares of the company’s stock worth $33,245,000 after buying an additional 591,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Adient by 28.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,152,486 shares of the company’s stock worth $32,419,000 after buying an additional 475,553 shares in the last quarter.

Adient Company Profile

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.

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Analyst Recommendations for Adient (NYSE:ADNT)

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