Adient (NYSE:ADNT) Stock Price Expected to Rise, Bank of America Analyst Says

Adient (NYSE:ADNT - Free Report) had its price objective lifted by Bank of America from $15.00 to $17.50 in a report issued on Monday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

Several other brokerages also recently weighed in on ADNT. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Wells Fargo & Company upped their price target on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Morgan Stanley lowered their target price on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Citigroup assumed coverage on shares of Adient in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, Wall Street Zen downgraded Adient from a "buy" rating to a "hold" rating in a research note on Saturday. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, Adient has a consensus rating of "Hold" and an average target price of $18.17.

Adient Trading Up 3.9%

Shares of Adient stock traded up $0.72 during midday trading on Monday, reaching $19.13. 1,704,160 shares of the company's stock traded hands, compared to its average volume of 1,441,411. 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 12 month low of $10.04 and a 12 month high of $26.59. The company has a market cap of $1.61 billion, a PE ratio of 956.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.64. The stock has a 50 day moving average of $14.03 and a 200-day moving average of $15.58.

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 the consensus estimate of $0.36 by $0.33. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The firm's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, equities analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several large investors have recently added to or reduced their stakes in ADNT. Point72 Hong Kong Ltd purchased a new position in Adient during the fourth quarter worth $25,000. Brooklyn Investment Group increased its position in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after purchasing an additional 2,124 shares during the period. GAMMA Investing LLC lifted its holdings in Adient by 157.5% during the first 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. IFP Advisors Inc boosted its position in 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 purchasing an additional 2,285 shares in the last quarter. Finally, CWM LLC grew its position in shares of Adient by 91.4% in the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after buying an additional 1,636 shares during the last quarter. 92.44% of the stock is owned by 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.