Adient (NYSE:ADNT) Trading 10.7% Higher

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.



Adient (NYSE:ADNT) last issued its earnings results on Tuesday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.07. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. Adient had a positive return on equity of 8.35% and a negative net margin of 11.00%. Adient’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. On average, sell-side analysts predict that Adient PLC will post 1.27 EPS for the current fiscal year.

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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