Adient (NYSE:ADNT) Upgraded at StockNews.com

Adient (NYSE:ADNT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group boosted their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Barclays cut their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Morgan Stanley lowered their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.88.

Adient Price Performance

NYSE:ADNT traded down $0.18 during mid-day trading on Tuesday, reaching $12.69. 1,049,387 shares of the company were exchanged, compared to its average volume of 1,362,472. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.06 billion, a PE ratio of 634.25, a PEG ratio of 0.34 and a beta of 2.27. Adient has a 12 month low of $12.31 and a 12 month high of $32.49. The company has a fifty day moving average of $15.77 and a 200 day moving average of $18.36.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter last year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in Adient during the fourth quarter worth about $25,000. Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares in the last quarter. R Squared Ltd acquired a new position in shares of Adient in the 4th quarter valued at approximately $32,000. IFP Advisors Inc grew its position in shares of Adient by 6,924.2% in the 4th 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 during the period. Finally, Sterling Capital Management LLC increased its stake in Adient by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock worth $47,000 after purchasing an additional 2,435 shares in the last quarter. Institutional investors and hedge funds 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.