Adient (NYSE:ADNT) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Adient has received a consensus rating of "Reduce" from ten brokerages, with two analysts advising a sell and one analyst recommending a buy.
• The stock's average one-year price target among analysts is $21.75, while shares are currently trading at approximately $24.00.
• Adient recently reported $0.45 earnings per share, missing expectations, and its revenue increased to $3.74 billion for the quarter, surpassing analyst forecasts.

Adient (NYSE:ADNT - Get Free Report) has earned a consensus rating of "Reduce" from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.75.

ADNT has been the topic of several recent research reports. Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Morgan Stanley lifted their price target on shares of Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Zacks Research lowered shares of Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, UBS Group lifted their price target on shares of Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th.

Adient Trading Down 2.6%

Shares of Adient stock opened at $24.00 on Monday. The stock has a market cap of $1.95 billion, a P/E ratio of -9.05, a P/E/G ratio of 0.92 and a beta of 1.76. The stock's 50 day simple moving average is $23.21 and its 200-day simple moving average is $17.80. Adient has a 1-year low of $10.04 and a 1-year high of $25.84. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Several institutional investors have recently made changes to their positions in ADNT. Jump Financial LLC raised its position in Adient by 38.1% in the first quarter. Jump Financial LLC now owns 226,173 shares of the company's stock valued at $2,909,000 after purchasing an additional 62,444 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Adient in the first quarter valued at approximately $1,036,000. Vanguard Group Inc. raised its position in Adient by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock valued at $44,820,000 after purchasing an additional 53,101 shares during the period. Entropy Technologies LP purchased a new stake in Adient in the first quarter valued at approximately $138,000. Finally, Man Group plc purchased a new stake in Adient in the fourth quarter valued at approximately $704,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

About Adient

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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