Adient (NYSE:ADNT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Shares of Adient carry a consensus analyst rating of Hold from 12 firms (2 sell, 6 hold, 4 buy) with an average 12‑month price target of $27.44.
• Adient recently beat earnings and revenue expectations, reporting $0.35 EPS vs. $0.19 expected and $3.64B revenue (+4.3% YoY), though the company still showed a negative net margin of 2.06%.
• Analyst views have shifted this year — including upgrades to Buy from Deutsche Bank and Wall Street Zen and several raised price targets (e.g., Citigroup $30, Deutsche Bank $33, JPMorgan $28) — while institutional investors own roughly 92.4% of the stock.

Shares of Adient (NYSE:ADNT - Get Free Report) have earned a consensus rating of "Hold" from the twelve research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.4444.

A number of brokerages have recently issued reports on ADNT. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Wells Fargo & Company decreased their target price on Adient from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Adient from $24.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft raised Adient from a "hold" rating to a "buy" rating and set a $33.00 price target for the company in a report on Thursday, February 5th. Finally, Citigroup raised their price objective on Adient from $22.50 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th.

Adient Stock Performance

ADNT opened at $20.29 on Friday. The company's 50 day moving average is $22.59 and its 200 day moving average is $21.84. 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 cap of $1.59 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 0.45 and a beta of 1.55. Adient has a 12-month low of $10.04 and a 12-month high of $27.32.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 analysts' expectations of $3.45 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. Royal Bank of Canada boosted its position in shares of Adient by 11.6% in the first quarter. Royal Bank of Canada now owns 22,429 shares of the company's stock worth $289,000 after purchasing an additional 2,331 shares during the period. AQR Capital Management LLC raised its position in shares of Adient by 171.1% during the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company's stock valued at $2,977,000 after purchasing an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adient during the 1st quarter valued at $236,000. JPMorgan Chase & Co. lifted its stake in shares of Adient by 16.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,462,162 shares of the company's stock valued at $28,454,000 after buying an additional 203,849 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Adient by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 169,256 shares of the company's stock valued at $3,294,000 after buying an additional 7,482 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

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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