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

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

Other analysts have also recently issued research reports about the company. Citigroup started coverage on Adient in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective for the company. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Bank of America cut shares of Adient from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Morgan Stanley reduced their price objective on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.17.

Adient Stock Down 1.0%

NYSE ADNT traded down $0.19 during mid-day trading on Friday, reaching $18.95. The stock had a trading volume of 1,437,293 shares, compared to its average volume of 1,442,991. Adient has a 1 year low of $10.04 and a 1 year high of $26.59. The stock has a market cap of $1.59 billion, a PE ratio of -5.92, a price-to-earnings-growth ratio of 0.47 and a beta of 1.64. The company has a fifty day moving average price of $14.35 and a 200 day moving average price of $15.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90.

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

Institutional Investors Weigh In On Adient

A number of institutional investors have recently bought and sold shares of ADNT. Principal Financial Group Inc. grew its position in shares of Adient by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 422,806 shares of the company's stock worth $7,285,000 after purchasing an additional 11,607 shares in the last quarter. IFP Advisors Inc grew its holdings in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after buying an additional 2,285 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Adient during the 4th quarter valued at approximately $794,000. Jones Financial Companies Lllp grew its holdings in Adient by 110.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,543 shares of the company's stock valued at $251,000 after buying an additional 7,643 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Adient by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after buying an additional 127,826 shares in the last quarter. 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.