Adient (NYSE:ADNT) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analyst consensus: Hold — 12 brokerages cover Adient with an average recommendation of "Hold" (2 sell, 6 hold, 4 buy) and an average 12‑month target price of $27.56.
• Large institutional ownership — 92.44% of shares are held by institutions, with major investors (Vanguard, Dimensional, Arrowstreet, UBS, Invesco) recently increasing their stakes.
• Mixed financial picture — ADNT trades around $21.57 (12‑month range $11.89–$27.32) with a market cap of $1.69B and a negative P/E of -5.96, though the company recently beat quarterly EPS and revenue estimates and analysts project FY EPS of 2.01.

Shares of Adient (NYSE:ADNT - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $27.5556.

A number of analysts have recently weighed in on ADNT shares. Weiss Ratings reissued a "sell (d)" rating on shares of Adient in a research report on Wednesday, January 21st. Bank of America started coverage on shares of Adient in a research report on Wednesday, March 4th. They set an "underperform" rating and a $22.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Adient from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. Morgan Stanley raised their price objective on Adient from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 5th. Finally, UBS Group raised their price objective on Adient from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th.

Hedge Funds Weigh In On Adient

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Adient by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company's stock worth $89,809,000 after purchasing an additional 208,938 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Adient by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company's stock worth $101,517,000 after purchasing an additional 328,555 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Adient by 61.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company's stock worth $45,517,000 after purchasing an additional 718,538 shares during the last quarter. UBS Group AG lifted its stake in Adient by 12.9% during the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company's stock worth $35,439,000 after purchasing an additional 210,758 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Adient by 38.6% during the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company's stock worth $30,671,000 after purchasing an additional 445,343 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Down 2.6%

ADNT stock opened at $21.57 on Tuesday. Adient has a twelve month low of $11.89 and a twelve month high of $27.32. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.69 billion, a P/E ratio of -5.96, a PEG ratio of 0.51 and a beta of 1.55. The firm has a 50 day simple moving average of $21.63 and a 200-day simple moving average of $21.38.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.16. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the company earned $0.27 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Adient will post 2.01 earnings per share for the current fiscal year.

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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