Adient plc (NYSE:ADNT) Receives $19.00 Average PT from Analysts

Shares of Adient plc (NYSE:ADNT - Get Free Report) have been given a consensus recommendation of "Reduce" by the ten analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.44.

Several equities analysts have recently weighed in on ADNT shares. Citigroup initiated coverage on shares of Adient in a research report on Wednesday. They issued a "neutral" rating and a $14.00 price objective on the stock. Barclays cut shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. StockNews.com cut Adient from a "buy" rating to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, UBS Group decreased their price objective on Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th.

Adient Stock Performance

Adient stock traded up $0.20 during midday trading on Friday, reaching $12.21. 1,105,937 shares of the company's stock were exchanged, compared to its average volume of 1,400,525. The stock's 50-day simple moving average is $13.67 and its 200 day simple moving average is $17.08. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 610.50, a P/E/G ratio of 0.34 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. Adient has a 52 week low of $10.04 and a 52 week high of $31.19.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $0.31 EPS. On average, analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC grew its stake in Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after buying an additional 803,961 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Adient during the 4th quarter worth approximately $11,395,000. Millennium Management LLC increased its stake in Adient by 2,039.0% in the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company's stock valued at $10,516,000 after acquiring an additional 581,779 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in Adient by 122.4% during the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company's stock valued at $14,065,000 after purchasing an additional 449,272 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Adient by 96.5% during the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after purchasing an additional 394,111 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

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.