Adient (NYSE:ADNT) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Adient's stock received a "sell (D)" rating from Weiss Ratings, indicating analysts' concerns regarding the company's performance.
• Despite the negative outlook from Weiss, other firms have given mixed ratings with Wall Street Zen upgrading Adient to a "buy" and Bank of America setting a target price of $20.
• Adient reported earnings of $0.45 per share for the last quarter, falling short of analysts' expectations, but showed revenue growth compared to the previous year.

Adient (NYSE:ADNT - Get Free Report)'s stock had its "sell (d)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on ADNT. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Stifel Nicolaus started coverage on Adient in a research note on Thursday, August 21st. They issued a "buy" rating and a $27.00 price target for the company. Cfra Research raised Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Bank of America raised their target price on Adient from $17.50 to $20.00 and gave the company an "underperform" rating in a research note on Wednesday, September 10th. Finally, Zacks Research cut Adient from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Adient presently has a consensus rating of "Reduce" and an average price target of $22.88.

Adient Stock Performance

NYSE ADNT traded up $0.26 during trading hours on Wednesday, hitting $24.55. The company had a trading volume of 161,178 shares, compared to its average volume of 1,364,483. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The firm has a market cap of $1.99 billion, a P/E ratio of -9.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. The business has a fifty day simple moving average of $23.96 and a 200-day simple moving average of $18.99. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the company posted $0.32 EPS. The company's revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts predict that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its holdings in shares of Adient by 23,600.0% during the first 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 last quarter. Fifth Third Bancorp lifted its holdings in shares of Adient by 544.4% during the second 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Adient by 991.0% during the second 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 last quarter. GAMMA Investing LLC grew its position in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Adient by 13,957.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company's stock worth $52,000 after purchasing an additional 2,652 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.

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