Adient (NYSE:ADNT) Given Consensus 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.

Shares of Adient (NYSE:ADNT - Get Free Report) have received a consensus recommendation of "Reduce" from the ten ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.75.

Several research firms recently weighed in on ADNT. Wells Fargo & Company lifted their price objective on shares of Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Stifel Nicolaus assumed coverage on shares of Adient in a research note on Thursday, August 21st. They issued a "buy" rating and a $27.00 price target on the stock. 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 note on Tuesday, August 12th. 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 note on Thursday, August 7th. Finally, Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th.

Adient Trading Down 2.6%

Shares of NYSE:ADNT traded down $0.65 during trading on Monday, hitting $24.57. 2,584,423 shares of the company's stock were exchanged, compared to its average volume of 999,396. The firm has a 50-day moving average price of $23.42 and a two-hundred day moving average price of $18.09. Adient has a 1-year low of $10.04 and a 1-year high of $25.84. The firm has a market cap of $2.00 billion, a P/E ratio of -9.27, a PEG ratio of 0.96 and a beta of 1.76. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data 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). Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the business earned $0.32 EPS. The firm's revenue was up .7% compared to the same quarter last year. Equities analysts predict that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC lifted its position in shares of Adient by 38.1% in the first quarter. Jump Financial LLC now owns 226,173 shares of the company's stock worth $2,909,000 after purchasing an additional 62,444 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Adient in the first quarter worth $1,036,000. Vanguard Group Inc. lifted its position in shares of Adient by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock worth $44,820,000 after purchasing an additional 53,101 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Adient in the first quarter worth $138,000. Finally, Man Group plc bought a new stake in shares of Adient in the fourth quarter worth $704,000. Institutional investors own 92.44% of the company's stock.

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.