Adient PLC (NYSE:ADNT) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.38 and last traded at $14.48, with a volume of 1523883 shares. The stock had previously closed at $15.04.

ADNT has been the topic of a number of research reports. Morgan Stanley set a $16.00 target price on shares of Adient and gave the company a “sell” rating in a research report on Tuesday, January 29th. Deutsche Bank initiated coverage on shares of Adient in a research report on Thursday, December 13th. They set a “hold” rating on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of Adient in a research report on Thursday, February 7th. Robert W. Baird downgraded shares of Adient from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $25.00 to $14.00 in a research report on Friday, January 4th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Adient in a research report on Monday, January 28th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.00.

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 stock has a market capitalization of $1.30 billion, a PE ratio of 2.48, a P/E/G ratio of 0.54 and a beta of 2.17.

Adient (NYSE:ADNT) last released its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. As a group, analysts predict that Adient PLC will post 2.32 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in Adient in the 4th quarter worth approximately $91,000. Cadence Capital Management LLC acquired a new stake in Adient in the 3rd quarter worth approximately $239,000. Riverhead Capital Management LLC acquired a new stake in Adient in the 3rd quarter worth approximately $263,000. Franklin Resources Inc. acquired a new stake in Adient in the 3rd quarter worth approximately $265,000. Finally, Private Advisor Group LLC boosted its stake in Adient by 29.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,445 shares of the company’s stock worth $293,000 after purchasing an additional 1,697 shares in the last quarter.

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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.

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