Adient PLC (NYSE:ADNT) traded up 10.7% during trading on Friday . The stock traded as high as $23.18 and last traded at $23.01, 1,652,800 shares were traded during trading. A decline of 18% from the average session volume of 2,020,033 shares. The stock had previously closed at $20.79.
Several research analysts have recently commented on the company. UBS Group lowered Adient from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $27.00 in a report on Thursday, September 12th. Morgan Stanley boosted their price objective on Adient from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Credit Suisse Group assumed coverage on Adient in a report on Wednesday, June 26th. They set a “neutral” rating and a $24.00 price objective for the company. Wolfe Research assumed coverage on Adient in a report on Tuesday. They set a “market perform” rating and a $21.00 price objective for the company. Finally, Barclays cut their price objective on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.27.
The firm has a market cap of $1.95 billion, a PE ratio of 4.09 and a beta of 3.25. The company has a 50 day simple moving average of $22.14 and a 200-day simple moving average of $21.26. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.07 and a quick ratio of 0.88.
Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC boosted its stake in Adient by 231.2% in the second quarter. CWM LLC now owns 1,020 shares of the company’s stock worth $25,000 after buying an additional 712 shares in the last quarter. Strs Ohio purchased a new stake in Adient in the second quarter worth approximately $106,000. Atria Investments LLC purchased a new stake in Adient in the second quarter worth approximately $753,000. KCS Wealth Advisory purchased a new stake in Adient in the second quarter worth approximately $205,000. Finally, Point View Wealth Management Inc. purchased a new stake in Adient in the second quarter worth approximately $210,000. 97.90% of the stock is owned by institutional investors and hedge funds.
Adient Company Profile (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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