Adient (NYSE:ADNT) Shares Up 7.7% After Analyst Upgrade

Adient (NYSE:ADNT - Get Free Report) shares rose 7.7% during trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $17.00 to $18.00. Wells Fargo & Company currently has an equal weight rating on the stock. Adient traded as high as $20.63 and last traded at $20.96. Approximately 217,179 shares changed hands during trading, a decline of 85% from the average daily volume of 1,444,400 shares. The stock had previously closed at $19.46.

Several other research analysts have also recently weighed in on ADNT. Bank of America upped their price target on shares of Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a report on Monday, June 16th. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of Adient from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Morgan Stanley reduced their price objective on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, May 19th. Finally, UBS Group upped their price objective on Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.31.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Covestor Ltd boosted its position in Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares during the last quarter. Mariner LLC boosted its holdings in shares of Adient by 8.6% in the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after buying an additional 801 shares during the last quarter. GAMMA Investing LLC boosted 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Adient in the 4th quarter valued at approximately $25,000. Finally, Oarsman Capital Inc. boosted its holdings in shares of Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after buying an additional 1,473 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Up 6.1%

The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 0.43 and a beta of 1.69. 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 business's 50 day simple moving average is $16.00 and its 200 day simple moving average is $15.59.

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

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.