Adient plc (NYSE:ADNT) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Adient plc (NYSE:ADNT - Get Free Report) have earned an average recommendation of "Reduce" from the ten research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.22.

A number of research firms have recently weighed in on ADNT. Wells Fargo & Company upped their price target on shares of Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Citigroup assumed coverage on Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. UBS Group raised their price target on Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in 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 worth $104,000 after purchasing an additional 580 shares during the period. Mariner LLC lifted its stake in shares of Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock worth $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% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after buying an additional 1,367 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Adient during the 4th quarter worth $25,000. Finally, Oarsman Capital Inc. grew its stake in 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.

Adient Stock Up 6.8%

NYSE:ADNT traded up $1.12 on Friday, hitting $17.59. 1,697,985 shares of the company's stock traded hands, compared to its average volume of 1,424,381. The company has a market cap of $1.48 billion, a PE ratio of 879.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.64. Adient has a 1 year low of $10.04 and a 1 year high of $28.46. 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 firm has a 50-day moving average price of $13.57 and a 200-day moving average price of $15.62.

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

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.