Adient (NYSE:ADNT) Receives Consensus Recommendation of "Reduce" from Brokerages

Key Points

• Adient (NYSE:ADNT) has received a consensus recommendation of "Reduce" from eleven ratings firms, with three analysts rating it as a sell and only two as a buy.
• The stock price target has been varied, with Bank of America setting it at $20.00 and Barclays at $25.00, while shares opened at $23.42, down 4.1% recently.
• Adient reported earnings of $0.45 per share, missing expectations, while quarterly revenue increased by 0.7% year-over-year to $3.74 billion.

Shares of Adient (NYSE:ADNT - Get Free Report) have been assigned an average rating of "Reduce" from the eleven ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.8750.

Several brokerages recently weighed in on ADNT. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Bank of America boosted their price target on Adient from $17.50 to $20.00 and gave the company an "underperform" rating in a research note on Wednesday, September 10th. Barclays boosted their price target on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley boosted their price target on Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th.

Adient Stock Down 4.1%

Shares of ADNT stock opened at $23.42 on Friday. Adient has a 1-year low of $10.04 and a 1-year high of $26.16. The stock's fifty day moving average price is $24.06 and its 200 day moving average price is $19.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -8.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.56 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Adient

Several large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings 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 buying an additional 2,124 shares during the period. GAMMA Investing LLC lifted its holdings 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 buying an additional 1,367 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 buying an additional 1,982 shares during the period. Fifth Third Bancorp lifted its holdings 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 buying an additional 1,802 shares during the period. Finally, CWM LLC raised its holdings in Adient by 91.4% in the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after purchasing an additional 1,636 shares during the period. Hedge funds and other 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.

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