Adient (NYSE:ADNT) Hits New 12-Month High - What's Next?

Key Points

• Adient's share price reached a new 52-week high of $25.84 during trading, indicating significant upward momentum in its stock performance.
• Multiple analysts have recently revised their ratings and price targets for Adient, with Wells Fargo raising its target to $24.00 and UBS increasing theirs to $26.00.
• Adient reported quarterly earnings of $0.45 EPS, slightly missing estimates, but its revenue of $3.74 billion exceeded expectations, showing a year-over-year increase of 0.7%.

Adient (NYSE:ADNT - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $25.84 and last traded at $25.59, with a volume of 1201837 shares trading hands. The stock had previously closed at $25.18.

Wall Street Analyst Weigh In

ADNT has been the topic of a number of recent research reports. Barclays raised their price objective on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America raised their target price on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Zacks Research lowered shares of Adient from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Cfra Research upgraded shares of Adient from a "moderate sell" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus assumed coverage on shares of Adient in a report on Thursday, August 21st. They issued a "buy" rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Adient presently has a consensus rating of "Reduce" and a consensus target price of $21.72.

Adient Stock Performance

The company has a market capitalization of $1.97 billion, a PE ratio of -9.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.76. The business's fifty day moving average is $22.55 and its two-hundred day moving average is $17.34. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.56 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Adient's revenue was up .7% on a year-over-year basis. Equities research analysts predict that Adient will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in Adient by 6.8% in the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock worth $19,464,000 after purchasing an additional 72,077 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Adient in the 1st quarter worth approximately $1,036,000. Jump Financial LLC grew its position in Adient by 38.1% in the 1st 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 during the period. Vanguard Group Inc. grew its position in Adient by 1.5% in the 1st 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 during the period. Finally, Entropy Technologies LP bought a new stake in Adient in the 1st quarter worth approximately $138,000. 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.