Adient plc (NYSE:ADNT) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of Adient plc (NYSE:ADNT - Get Free Report) have received an average rating of "Reduce" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.00.

ADNT has been the topic of a number of recent analyst reports. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Wells Fargo & Company raised their price objective on shares of Adient from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley decreased their price objective on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd.

Hedge Funds Weigh In On Adient

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Adient in the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in shares of Adient in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group boosted its position in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after acquiring an additional 2,124 shares during the period. GAMMA Investing LLC boosted its position in shares of Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after acquiring an additional 1,367 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Stock Down 2.4%

Shares of ADNT traded down $0.38 during trading hours on Tuesday, reaching $15.49. 1,149,145 shares of the stock traded hands, compared to its average volume of 1,405,856. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $16.20. Adient has a 52 week low of $10.04 and a 52 week high of $29.71. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 774.50, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the firm earned $0.54 earnings per share. The firm's revenue was down 3.7% on a year-over-year basis. On average, equities analysts forecast that Adient will post 1.76 EPS for the current 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.