Adient (NYSE:ADNT) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Adient has received a consensus rating of "Reduce" from nine brokerage firms, with two recommending a sell and seven a hold.
• The average one-year price target for Adient has been set at $20.06, although some analysts, like Barclays and UBS, raised their targets to $25.00.
• The company reported an earnings per share (EPS) of $0.69 for the last quarter, significantly beating the consensus estimate of $0.36, despite a 3.7% decline in year-over-year revenue.

Shares of Adient (NYSE:ADNT - Get Free Report) have received a consensus recommendation of "Reduce" from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.06.

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price on shares of Adient from $15.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their target price on shares of Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Bank of America lifted their target price on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Finally, Morgan Stanley cut their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, May 19th.

Adient Stock Performance

Adient stock traded down $0.67 during midday trading on Friday, hitting $21.41. 1,281,854 shares of the company's stock were exchanged, compared to its average volume of 1,073,930. Adient has a 12-month low of $10.04 and a 12-month high of $26.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -6.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.69. The firm's 50 day simple moving average is $19.42 and its 200 day simple moving average is $16.32.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The company had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter last year, the business earned $0.54 EPS. The business's revenue was down 3.7% on a year-over-year basis. Equities research analysts predict that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Adient during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group grew its position in 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 in the last quarter. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 1,367 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Adient by 991.0% during the second 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 in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Adient by 544.4% during the second quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock worth $42,000 after purchasing an additional 1,802 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.