Adient (NYSE:ADNT) Given Average Rating of "Hold" by Brokerages

Key Points

• Adient has an average “Hold” rating from 12 analysts: six recommend buying, three rate it a hold, and three recommend selling. The average one-year price target is $26.60, above the recent share price of $19.09.
• Recent analyst views were mixed, with Citigroup and Stifel maintaining “buy” ratings despite lower price targets, while JPMorgan and Morgan Stanley remained neutral; BNP Paribas Exane upgraded the stock to “outperform.”
• Adient’s latest quarter showed revenue growth of 4.3% year over year to $3.93 billion, but earnings per share of $0.48 fell short of the $0.56 consensus estimate. An executive also sold 22,000 shares, while institutional investors own 92.44% of the company.

Adient (NYSE:ADNT - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.60.

ADNT has been the subject of several recent analyst reports. Citigroup dropped their price objective on Adient from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Adient from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Morgan Stanley lowered their target price on shares of Adient from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 18th. BNP Paribas Exane upgraded shares of Adient from a "neutral" rating to an "outperform" rating and set a $26.00 target price for the company in a research report on Thursday, July 30th. Finally, Stifel Nicolaus cut their price target on shares of Adient from $28.00 to $26.00 and set a "buy" rating for the company in a report on Monday, July 20th.

Insider Buying and Selling at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the sale, the executive vice president owned 110,886 shares of the company's stock, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.94% of the company's stock.

Institutional Investors Weigh In On Adient

A number of large investors have recently bought and sold shares of ADNT. Leonteq Securities AG bought a new position in Adient in the 4th quarter valued at $30,000. Quarry LP grew its holdings in shares of Adient by 163.9% during the third quarter. Quarry LP now owns 2,304 shares of the company's stock worth $55,000 after purchasing an additional 1,431 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock valued at $64,000 after buying an additional 517 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Adient in the second quarter valued at about $63,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Adient in the fourth quarter valued at about $64,000. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Up 0.2%

Shares of ADNT stock opened at $19.09 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock has a fifty day moving average price of $19.76 and a 200 day moving average price of $21.21. The stock has a market cap of $1.47 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52. Adient has a one year low of $17.68 and a one year high of $27.32.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Analysts predict that Adient will post 2.02 earnings per share for the current year.

Adient Company Profile

Adient plc NYSE: ADNT is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient's product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source