Adient (NYSE:ADNT) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.
Several other research firms also recently commented on ADNT. Goldman Sachs Group reiterated a “hold” rating on shares of Adient in a research report on Wednesday, January 16th. KeyCorp started coverage on Adient in a research report on Monday, December 10th. They issued an “underweight” rating and a $18.00 target price for the company. Seaport Global Securities started coverage on Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating for the company. Royal Bank of Canada downgraded Adient from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Finally, Barclays set a $19.00 target price on Adient and gave the company a “hold” rating in a research report on Friday, January 4th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.23.
Get Adient alerts:Shares of NYSE:ADNT traded down $0.59 during trading on Tuesday, reaching $18.47. 1,263,292 shares of the company traded hands, compared to its average volume of 2,322,286. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 3.29, a PEG ratio of 0.68 and a beta of 2.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 1.00. Adient has a 52 week low of $14.52 and a 52 week high of $67.10.
Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the prior year, the company earned $1.06 earnings per share. Adient’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that Adient will post 2.32 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Adient by 1,406.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 553,094 shares of the company’s stock valued at $37,000 after buying an additional 516,368 shares during the period. Quantamental Technologies LLC acquired a new stake in Adient during the fourth quarter worth approximately $91,000. Bank of Montreal Can grew its stake in Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock worth $114,000 after purchasing an additional 1,952 shares during the period. D.A. Davidson & CO. grew its stake in Adient by 7.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock worth $155,000 after purchasing an additional 709 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Adient by 50.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,708 shares of the company’s stock worth $176,000 after purchasing an additional 3,914 shares during the period.
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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