Wall Street Zen Upgrades Adient (NYSE:ADNT) to Strong-Buy

Key Points

• Wall Street Zen has upgraded Adient's stock from a "buy" to a "strong-buy" rating, highlighting a positive shift in analyst sentiment.
• Barclays raised its price target for Adient to $27.00, while Wells Fargo increased it to $31.00, indicating growing confidence in the company's performance.
• Adient's current trading price is $22.78, with a market capitalization of $1.85 billion and a negative PE ratio of -8.59, reflecting its recent financial struggles.

Adient (NYSE:ADNT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Several other research analysts also recently commented on ADNT. Barclays lifted their price target on shares of Adient from $25.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, October 10th. Cfra Research raised shares of Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Wells Fargo & Company raised shares of Adient from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $31.00 in a research note on Thursday, September 25th. Bank of America lifted their price target on shares of Adient from $17.50 to $20.00 and gave the stock an "underperform" rating in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded shares of Adient from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Adient presently has a consensus rating of "Reduce" and a consensus price target of $23.13.

Adient Trading Down 1.3%

Shares of Adient stock opened at $22.78 on Friday. Adient has a 1 year low of $10.04 and a 1 year high of $26.16. The firm has a market cap of $1.85 billion, a PE ratio of -8.59, a PEG ratio of 0.83 and a beta of 1.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. The company has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $19.47.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The business had revenue of $3.51 billion for the quarter. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%. Analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its holdings in Adient by 1.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company's stock valued at $685,000 after buying an additional 435 shares during the last quarter. Covestor Ltd raised its holdings in Adient by 15.2% during the 1st quarter. Covestor Ltd now owns 6,984 shares of the company's stock valued at $90,000 after buying an additional 922 shares during the last quarter. Yousif Capital Management LLC increased its position in Adient by 3.1% during the 2nd quarter. Yousif Capital Management LLC now owns 37,363 shares of the company's stock valued at $727,000 after purchasing an additional 1,114 shares during the period. SummerHaven Investment Management LLC increased its position in Adient by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company's stock valued at $670,000 after purchasing an additional 1,204 shares during the period. Finally, GAMMA Investing LLC increased its position in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after purchasing an additional 1,367 shares during the period. 92.44% of the stock is currently 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.

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