Adient (NYSE:ADNT) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Adient from “Buy” to “Hold,” while the broader analyst consensus is also “Hold” with an average price target of $27.30.
• Recent analyst views remain mixed but generally positive: UBS lowered its target to $29, while Deutsche Bank, BNP Paribas Exane, Stifel Nicolaus and Citigroup maintained or upgraded the stock with targets ranging from $26 to $33.
• Adient’s latest quarter included adjusted EPS of $0.48, below the $0.56 estimate, although revenue of $3.93 billion exceeded expectations and rose 4.3% year over year; shares opened at $19.50, near the lower end of their yearly range.

Adient (NYSE:ADNT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. UBS Group reduced their price objective on shares of Adient from $34.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $28.00 target price on shares of Adient in a research report on Thursday. BNP Paribas Exane raised Adient from a "neutral" rating to an "outperform" rating and set a $26.00 price target on the stock in a research note on Thursday, July 30th. Stifel Nicolaus reduced their price target on Adient from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Finally, Citigroup raised Adient from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Adient presently has a consensus rating of "Hold" and a consensus price target of $27.30.

Adient Stock Performance

Adient stock opened at $19.50 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 32.49, a PEG ratio of 0.37 and a beta of 1.52. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. Adient has a 1 year low of $17.68 and a 1 year high of $27.32. The company's 50-day moving average is $20.57 and its two-hundred day moving average is $21.55.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities analysts anticipate that Adient will post 2.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Heather M. Tiltmann sold 22,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. The trade was a 16.56% 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 this link. 0.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently made changes to their positions in the company. Leonteq Securities AG acquired a new position in shares of Adient in the 4th quarter valued at $30,000. Quarry LP raised its stake in Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company's stock worth $55,000 after buying an additional 1,431 shares during the period. Raymond James Financial Inc. acquired a new stake in Adient during the 2nd quarter worth $63,000. Parallel Advisors LLC lifted its holdings in Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after acquiring an additional 517 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Adient during the fourth quarter worth about $64,000. 92.44% of the stock is owned by institutional investors.

Adient Company Profile

Adient plc NYSE: ADNT is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient's product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.

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