Adient (NYSE:ADNT) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Adient (NYSE:ADNT - Free Report) from a hold rating to a buy rating in a research report report published on Friday.

Other equities research analysts have also recently issued research reports about the company. Bank of America boosted their price objective on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research note on Monday, June 16th. Wells Fargo & Company upped their price objective on Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays boosted their target price on Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Citigroup initiated coverage on Adient in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price on the stock. Finally, UBS Group upped their price objective on Adient from $15.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.06.

Adient Price Performance

Shares of ADNT stock traded down $0.30 during trading hours on Friday, hitting $21.75. 1,125,824 shares of the company's stock were exchanged, compared to its average volume of 1,455,057. The firm has a 50 day moving average of $18.46 and a two-hundred day moving average of $16.05. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.59. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1.83 billion, a P/E ratio of -6.80, a P/E/G ratio of 0.66 and a beta of 1.69.

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

Institutional Trading of Adient

Several large investors have recently made changes to their positions in ADNT. Point72 Hong Kong Ltd bought a new stake in shares of Adient in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group grew its stake in shares of 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 purchasing an additional 2,124 shares during the period. Fifth Third Bancorp grew its stake in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock valued at $42,000 after purchasing an additional 1,802 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company's stock valued at $42,000 after purchasing an additional 1,982 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 1,367 shares during the period. 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.