Adient (NYSE:ADNT) Lowered to “Hold” at StockNews.com

Adient (NYSE:ADNT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other brokerages have also commented on ADNT. Barclays upped their price objective on Adient from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Wells Fargo & Company reduced their target price on Adient from $49.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, November 9th. Morgan Stanley reduced their target price on Adient from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, November 14th. Benchmark increased their target price on Adient from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, UBS Group reduced their target price on Adient from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.25.

Adient Stock Performance

ADNT traded up $0.10 during trading hours on Monday, reaching $32.90. The company’s stock had a trading volume of 1,358,403 shares, compared to its average volume of 854,398. Adient has a 52 week low of $30.10 and a 52 week high of $47.50. The company’s 50-day moving average is $35.33 and its 200-day moving average is $37.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.93 and a current ratio of 1.15. The firm has a market cap of $3.12 billion, a PE ratio of 15.23 and a beta of 2.77.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Adient had a net margin of 1.33% and a return on equity of 8.14%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Adient will post 3.07 EPS for the current year.

Hedge Funds Weigh In On Adient

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Adient in the second quarter valued at about $27,000. Headlands Technologies LLC bought a new position in shares of Adient during the third quarter worth about $46,000. WealthPlan Investment Management LLC raised its position in shares of Adient by 782.8% during the second quarter. WealthPlan Investment Management LLC now owns 1,024 shares of the company’s stock worth $100,000 after acquiring an additional 908 shares during the last quarter. AM Squared Ltd bought a new position in shares of Adient during the third quarter worth about $106,000. Finally, Blue Chip Partners LLC bought a new position in shares of Adient during the second quarter worth about $117,000. 91.39% of the stock is currently owned by institutional investors.

Adient Company Profile

Adient plc, an investment holding company, 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.