Adient (NYSE:ADNT) Raised to "Hold" at Cfra Research

Key Points

• Adient's rating was upgraded from a "moderate sell" to a "hold" by Cfra Research, reflecting a shift in analysts' perspectives on the stock.
• Several other firms have also issued ratings for Adient, with Citigroup assigning a "neutral" rating and a target price of $14, while UBS Group increased their target price from $25 to $26.
• The company's recent earnings report showed a missed EPS of $0.45 against estimates of $0.47, although it achieved revenue of $3.74 billion, exceeding consensus expectations.

Adient (NYSE:ADNT - Get Free Report) was upgraded by Cfra Research from a "moderate sell" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on ADNT. UBS Group upped their price objective on shares of Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Barclays increased their target price on shares of Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their target price on shares of Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Morgan Stanley decreased their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Adient has a consensus rating of "Hold" and a consensus price target of $21.06.

Adient Stock Up 4.8%

NYSE:ADNT traded up $1.05 during trading hours on Thursday, hitting $22.92. The company's stock had a trading volume of 1,258,533 shares, compared to its average volume of 1,458,696. The stock has a market capitalization of $1.86 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The stock has a fifty day moving average of $20.64 and a 200-day moving average of $16.61. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. Adient has a 52-week low of $10.04 and a 52-week high of $24.25.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data 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 negative net margin of 1.53% and a positive return on equity of 8.25%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The business's revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Adient will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ADNT. LPL Financial LLC purchased a new position in Adient in the fourth quarter valued at about $216,000. JPMorgan Chase & Co. increased its holdings in Adient by 96.5% in the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock valued at $13,828,000 after buying an additional 394,111 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Adient by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 62,877 shares of the company's stock worth $1,083,000 after purchasing an additional 7,881 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Adient by 61.0% during the 4th quarter. Russell Investments Group Ltd. now owns 67,353 shares of the company's stock worth $1,160,000 after purchasing an additional 25,524 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Adient by 22.0% during the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock worth $24,364,000 after purchasing an additional 254,951 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.