Shares of Adient plc (NYSE:ADNT - Get Rating) have been assigned an average recommendation of "Hold" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $38.00.
Several equities analysts have weighed in on ADNT shares. StockNews.com started coverage on Adient in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Royal Bank of Canada lowered Adient from an "outperform" rating to a "sector perform" rating and set a $36.00 target price for the company. in a research report on Monday, November 7th. Bank of America decreased their target price on Adient from $48.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, September 9th. Wells Fargo & Company raised their target price on Adient from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Monday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Adient from a "buy" rating to a "hold" rating and set a $39.00 target price for the company. in a research report on Tuesday, November 8th.
Adient Price Performance
Shares of ADNT opened at $38.50 on Friday. Adient has a 12-month low of $27.15 and a 12-month high of $50.96. The business's fifty day moving average is $33.16 and its 200 day moving average is $32.93. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 1.08. The stock has a market cap of $3.65 billion, a P/E ratio of -30.31, a P/E/G ratio of 0.41 and a beta of 2.63.
Adient (NYSE:ADNT - Get Rating) last issued its earnings results on Friday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. Adient had a positive return on equity of 0.43% and a negative net margin of 0.85%. The company had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.55 billion. Sell-side analysts anticipate that Adient will post 2.87 earnings per share for the current fiscal year.
Insider Buying and Selling at Adient
In other news, CFO Jeffrey Stafeil sold 29,210 shares of Adient stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $37.81, for a total transaction of $1,104,430.10. Following the completion of the sale, the chief financial officer now owns 167,742 shares in the company, valued at approximately $6,342,325.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jeffrey Stafeil sold 29,210 shares of the business's stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $37.81, for a total value of $1,104,430.10. Following the completion of the sale, the chief financial officer now owns 167,742 shares in the company, valued at approximately $6,342,325.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michel Pierre Rose Berthelin sold 1,200 shares of Adient stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $36.62, for a total value of $43,944.00. Following the completion of the transaction, the executive vice president now directly owns 44,453 shares in the company, valued at $1,627,868.86. The disclosure for this sale can be found here. Insiders own 0.36% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ADNT. Comerica Bank grew its position in shares of Adient by 2.2% during the first quarter. Comerica Bank now owns 44,770 shares of the company's stock worth $1,645,000 after purchasing an additional 945 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Adient during the 1st quarter worth approximately $5,096,000. National Bank of Canada FI lifted its stake in shares of Adient by 54,947.6% during the 1st quarter. National Bank of Canada FI now owns 11,560 shares of the company's stock worth $425,000 after acquiring an additional 11,539 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Adient during the 1st quarter worth approximately $780,000. Finally, Swiss National Bank increased its holdings in Adient by 7.6% during the 1st quarter. Swiss National Bank now owns 223,198 shares of the company's stock worth $9,100,000 after purchasing an additional 15,800 shares during the period. 97.56% of the stock is owned by institutional investors.
Adient Company Profile
Adient plc designs, develops, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's seating solutions include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, including North America and South America; Europe, Middle East, and Africa; and Asia Pacific.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider Adient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adient wasn't on the list.
While Adient currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here