Adient (ADNT) Reaches New 52-Week Low at $14.38
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.
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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