Adient (NYSE:ADNT) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Adient (NYSE:ADNT) from a strong sell rating to a sell rating in a report issued on Thursday, June 6th, ValuEngine reports.

ADNT has been the topic of several other research reports. Longbow Research reiterated a buy rating and issued a $26.00 price objective on shares of Adient in a report on Tuesday, April 16th. Zacks Investment Research upgraded Adient from a strong sell rating to a hold rating in a report on Tuesday, April 9th. Seaport Global Securities assumed coverage on Adient in a report on Wednesday, February 13th. They issued a neutral rating on the stock. Buckingham Research downgraded Adient from a neutral rating to an underperform rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, April 22nd. Finally, KeyCorp raised Adient from an underweight rating to a sector weight rating in a research note on Monday, March 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $24.60.

NYSE ADNT traded up $0.42 on Thursday, hitting $24.27. 13,446,624 shares of the stock traded hands, compared to its average volume of 1,627,680. The stock’s fifty day simple moving average is $19.81. Adient has a 12 month low of $12.15 and a 12 month high of $50.89. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 4.32 and a beta of 2.83. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.77.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.21 billion. Adient had a positive return on equity of 10.34% and a negative net margin of 8.62%. Adient’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. On average, analysts forecast that Adient will post 1.43 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of Adient by 0.3% in the 4th quarter. American International Group Inc. now owns 177,164 shares of the company’s stock worth $2,668,000 after purchasing an additional 523 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Adient by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 113,231 shares of the company’s stock worth $1,467,000 after purchasing an additional 614 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Adient by 1.1% in the 4th quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock worth $939,000 after purchasing an additional 684 shares in the last quarter. Moon Capital Management LLC boosted its position in shares of Adient by 1.1% in the 1st quarter. Moon Capital Management LLC now owns 63,468 shares of the company’s stock worth $823,000 after purchasing an additional 700 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Adient by 7.4% in the 4th quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock worth $155,000 after acquiring an additional 709 shares during the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

Adient Company Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Analyst Recommendations for Adient (NYSE:ADNT)

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