Adient PLC (NYSE:ADNT) gapped down prior to trading on Wednesday . The stock had previously closed at $19.27, but opened at $20.58. Adient shares last traded at $21.81, with a volume of 39,217 shares trading hands.
Several equities research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Adient in a research note on Tuesday, October 8th. They issued a “market perform” rating and a $21.00 price target on the stock. Barclays lowered their price objective on shares of Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. ValuEngine cut shares of Adient from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. UBS Group lowered Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $27.00 in a research note on Thursday, September 12th. Finally, Morgan Stanley raised their price objective on Adient from $13.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.93.
The stock’s fifty day simple moving average is $22.38 and its 200-day simple moving average is $21.85. The stock has a market cap of $2.05 billion, a P/E ratio of 13.03 and a beta of 3.20. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.87 and a current ratio of 1.07.
Adient (NYSE:ADNT) last announced its earnings results on Thursday, November 7th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.38. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Adient had a negative net margin of 2.97% and a positive return on equity of 6.23%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. As a group, equities research analysts forecast that Adient PLC will post 1.55 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Adient by 231.2% during the 2nd quarter. CWM LLC now owns 1,020 shares of the company’s stock worth $25,000 after purchasing an additional 712 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Adient by 92.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,553 shares of the company’s stock valued at $59,000 after purchasing an additional 1,223 shares during the last quarter. Strs Ohio purchased a new position in Adient in the second quarter valued at approximately $106,000. KCS Wealth Advisory bought a new position in Adient during the second quarter valued at $205,000. Finally, Point View Wealth Management Inc. purchased a new position in shares of Adient during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 98.85% of the company’s stock.
Adient Company Profile (NYSE:ADNT)
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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