Adient plc (NYSE:ADNT – Get Rating) has received an average rating of "Hold" from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $38.25.
Several equities analysts have recently weighed in on the company. Bank of America reduced their price target on Adient from $48.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, September 9th. Morgan Stanley lifted their price objective on Adient from $27.00 to $29.00 and gave the stock an "underweight" rating in a report on Monday, November 28th. Royal Bank of Canada downgraded Adient from an "outperform" rating to a "sector perform" rating and set a $36.00 price objective for the company. in a report on Monday, November 7th. Wells Fargo & Company lifted their price objective on Adient from $37.00 to $42.00 and gave the stock an "overweight" rating in a report on Monday, November 7th. Finally, StockNews.com initiated coverage on Adient in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
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Adient Price Performance
Shares of NYSE:ADNT opened at $35.03 on Tuesday. Adient has a 1-year low of $27.15 and a 1-year high of $50.96. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.19 and a quick ratio of 0.92. The business has a fifty day moving average price of $35.21 and a 200-day moving average price of $33.54. The company has a market capitalization of $3.32 billion, a PE ratio of -27.58 and a beta of 2.65.
Adient (NYSE:ADNT – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Adient had a positive return on equity of 0.43% and a negative net
margin of 0.85%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.55 billion. As a group, equities analysts expect that Adient will post 2.44 EPS for the current fiscal year.
Insider Activity
In other news, EVP Michel Pierre Rose Berthelin sold 1,200 shares of Adient stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $36.62, for a total transaction of $43,944.00. Following the transaction, the executive vice president now directly owns 44,453 shares of the company's stock, valued at approximately $1,627,868.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Jeffrey Stafeil sold 29,210 shares of the business's stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $37.81, for a total value of $1,104,430.10. Following the transaction, the chief financial officer now directly owns 167,742 shares of the company's stock, valued at approximately $6,342,325.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michel Pierre Rose Berthelin sold 1,200 shares of the business's stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $36.62, for a total value of $43,944.00. Following the completion of the transaction, the executive vice president now directly owns 44,453 shares in the company, valued at $1,627,868.86. The disclosure for this sale can be found here. Insiders have sold a total of 36,762 shares of company stock valued at $1,395,463 in the last ninety days. Corporate insiders own 0.68% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in Adient by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,014,930 shares of the company's stock worth $28,163,000 after purchasing an additional 38,077 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Adient during the 3rd quarter worth approximately $402,000. FourThought Financial LLC raised its holdings in shares of Adient by 19.0% during the 3rd quarter. FourThought Financial LLC now owns 1,838 shares of the company's stock worth $51,000 after acquiring an additional 293 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Adient by 488.3% during the 3rd quarter. Balyasny Asset Management LLC now owns 846,694 shares of the company's stock worth $23,496,000 after acquiring an additional 702,782 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Adient by 27.6% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 48,099 shares of the company's stock worth $1,335,000 after acquiring an additional 10,404 shares in the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.
About Adient
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Adient plc, an investment holding company, 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.
Further Reading
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