Adient PLC (NYSE:ADNT) Given Average Recommendation of “Hold” by Brokerages

Shares of Adient PLC (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.47.

A number of research firms recently issued reports on ADNT. UBS Group downgraded shares of Adient from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $27.00 in a report on Thursday, September 12th. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Friday, September 13th. Wolfe Research began coverage on shares of Adient in a report on Tuesday, October 8th. They set a “market perform” rating and a $21.00 price objective for the company. Morgan Stanley raised their price objective on shares of Adient from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Finally, Credit Suisse Group began coverage on shares of Adient in a report on Wednesday, June 26th. They set a “neutral” rating and a $24.00 price objective for the company.

NYSE ADNT opened at $22.73 on Friday. Adient has a 52-week low of $12.15 and a 52-week high of $33.30. The company has a 50-day simple moving average of $22.50 and a 200 day simple moving average of $21.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 1.07. The company has a market capitalization of $2.13 billion, a PE ratio of 4.04 and a beta of 3.25.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Adient had a negative net margin of 11.00% and a positive return on equity of 8.35%. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Adient will post 1.27 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. bought a new position in Adient during the second quarter worth about $840,000. Atria Investments LLC bought a new position in Adient during the second quarter worth about $753,000. Aperio Group LLC boosted its position in Adient by 32.1% during the second quarter. Aperio Group LLC now owns 60,793 shares of the company’s stock worth $1,475,000 after purchasing an additional 14,783 shares during the period. Marshall Wace North America L.P. bought a new position in Adient during the first quarter worth about $179,000. Finally, Comerica Bank bought a new position in Adient during the second quarter worth about $1,193,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.

About Adient

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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Analyst Recommendations for Adient (NYSE:ADNT)

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