Stifel Nicolaus Initiates Coverage on Adient (NYSE:ADNT)

Key Points

• Stifel Nicolaus has initiated coverage on Adient (NYSE:ADNT) with a "buy" rating and a price target of $27.00, indicating a potential upside of 16.96% from its current price.
• The company reported quarterly earnings of $0.45 per share, missing estimates by $0.02, but saw year-over-year revenue growth of 0.7% with total revenues of $3.74 billion.
• Adient's current consensus rating is "Reduce" with a target price of $21.72, as one analyst rates the stock as a Buy, while others have issued Hold and Sell ratings.

Stifel Nicolaus began coverage on shares of Adient (NYSE:ADNT - Free Report) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $27.00 price objective on the stock.

ADNT has been the topic of a number of other research reports. Citigroup began coverage on Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target on the stock. Morgan Stanley raised their price target on Adient from $16.00 to $17.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Bank of America raised their price target on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their price target on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $21.72.

Adient Stock Up 1.2%

Shares of ADNT traded up $0.30 during mid-day trading on Thursday, reaching $25.34. The company's stock had a trading volume of 310,870 shares, compared to its average volume of 1,427,924. Adient has a 12-month low of $10.04 and a 12-month high of $25.56. The stock has a market cap of $2.06 billion, a PE ratio of -9.57, a price-to-earnings-growth ratio of 0.82 and a beta of 1.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. The company's 50 day moving average is $21.93 and its 200 day moving average is $17.06.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.56 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The company's revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in shares of Adient in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group lifted its holdings in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after buying an additional 2,124 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock valued at $42,000 after buying an additional 1,802 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company's stock valued at $42,000 after buying an additional 1,982 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after buying an additional 1,367 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Company Profile

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.