Weiss Ratings Reaffirms "Sell (D)" Rating for Adient (NYSE:ADNT)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Adient (NYSE:ADNT) in a recent research note, indicating ongoing concerns about the company's stock performance.
• Several brokerages have adjusted their price targets for Adient, with UBS Group and Barclays raising theirs to $28.00 and $27.00 respectively, while the average target price remains at $24.00.
• Adient's stock has demonstrated volatility, trading up 1.6% recently and showing a significant price range over the past year, with a low of $10.04 and a high of $26.16.

Adient (NYSE:ADNT - Get Free Report)'s stock had its "sell (d)" rating restated by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other brokerages also recently commented on ADNT. UBS Group upped their price objective on shares of Adient from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Barclays boosted their price target on shares of Adient from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Adient from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Adient from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Wells Fargo & Company upgraded shares of Adient from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $24.00 to $31.00 in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $24.00.

Adient Trading Up 1.6%

Adient stock traded up $0.39 during mid-day trading on Friday, hitting $24.14. The company's stock had a trading volume of 137,951 shares, compared to its average volume of 1,330,034. 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 stock has a market cap of $1.96 billion, a price-to-earnings ratio of -9.11, a price-to-earnings-growth ratio of 0.80 and a beta of 1.77. The business has a 50 day moving average price of $24.17 and a 200-day moving average price of $19.79. Adient has a 12 month low of $10.04 and a 12 month high of $26.16.

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

Institutional Investors Weigh In On Adient

Institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Adient by 23,600.0% during the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after buying an additional 2,124 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after buying an additional 1,367 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Adient by 991.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company's stock valued at $42,000 after buying an additional 1,982 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Adient by 544.4% during the second quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock valued at $42,000 after buying an additional 1,802 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after buying an additional 1,636 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.

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