Adient (NYSE:ADNT) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Adient (NYSE:ADNT - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

Other equities analysts also recently issued research reports about the company. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Morgan Stanley dropped their price target on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research report on Monday, March 3rd. Finally, UBS Group reduced their price objective on Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.44.

Adient Price Performance

Shares of Adient stock traded down $0.39 during trading on Friday, hitting $12.53. 345,380 shares of the stock traded hands, compared to its average volume of 1,393,867. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 626.50, a PEG ratio of 0.34 and a beta of 1.97. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. Adient has a 52 week low of $10.04 and a 52 week high of $30.89. The firm's fifty day moving average is $13.30 and its 200-day moving average is $16.80.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the business posted $0.31 earnings per share. Research analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Adient during the fourth quarter valued at $25,000. GAMMA Investing LLC raised 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 purchasing an additional 1,367 shares in the last quarter. R Squared Ltd purchased a new stake in Adient during the fourth quarter worth $32,000. Versant Capital Management Inc grew its stake in Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after purchasing an additional 1,857 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after buying an additional 2,285 shares during the last quarter. 92.44% of the stock is currently owned by 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.