Adient (NYSE:ADNT) Rating Lowered to “Underperform” at Bank of America

Bank of America lowered shares of Adient (NYSE:ADNT) from a neutral rating to an underperform rating in a research report report published on Tuesday, MarketBeat reports. Bank of America currently has $18.00 target price on the stock, down from their prior target price of $24.00.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. UBS Group boosted their price objective on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lowered their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday. Finally, StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Adient has a consensus rating of “Hold” and a consensus target price of $20.88.

Adient Price Performance

ADNT stock opened at $14.13 on Tuesday. Adient has a 52 week low of $13.64 and a 52 week high of $35.94. The firm has a market capitalization of $1.19 billion, a P/E ratio of 706.45, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a fifty day simple moving average of $17.08 and a two-hundred day simple moving average of $19.48. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last announced its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the firm earned $0.31 EPS. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

Large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of Adient during the fourth quarter valued at approximately $25,000. R Squared Ltd purchased a new position in Adient during the 4th quarter worth $32,000. US Bancorp DE raised its position in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after buying an additional 2,285 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.