Adient (NYSE:ADNT) Shares Gap Up – Still a Buy?

Adient plc (NYSE:ADNTGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $17.31, but opened at $18.02. Adient shares last traded at $18.21, with a volume of 305,276 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Morgan Stanley dropped their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Barclays dropped their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com cut shares of Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.38.

View Our Latest Report on ADNT

Adient Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 78.28, a P/E/G ratio of 0.28 and a beta of 2.16. The stock has a fifty day moving average of $18.05 and a 200 day moving average of $20.66.

Adient (NYSE:ADNTGet Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a return on equity of 6.86% and a net margin of 0.12%. During the same period last year, the company posted $0.31 EPS. On average, analysts expect that Adient plc will post 2.04 EPS for the current fiscal year.

Insider Activity at Adient

In related news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Adient

Several large investors have recently made changes to their positions in the company. Covestor Ltd boosted its stake in Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares during the last quarter. KBC Group NV lifted its stake in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares during the last quarter. US Bancorp DE lifted its stake in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Company Profile

(Get Free Report)

Adient plc 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.

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