Adient (NYSE:ADNT) Upgraded to “Buy” by StockNews.com

Posted by on May 17th, 2023

Adient (NYSE:ADNT – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price target on Adient from $29.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Adient from $40.00 to $43.00 in a research note on Wednesday, February 8th. Wells Fargo & Company decreased their price target on Adient from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 10th. Barclays decreased their price target on Adient from $54.00 to $50.00 in a research note on Thursday, May 4th. Finally, Wolfe Research cut Adient from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.88.

Adient Trading Down 2.0 %

Adient stock opened at $34.65 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The business’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $39.06. Adient has a 12 month low of $27.15 and a 12 month high of $47.50. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 288.75 and a beta of 2.75.

Adient (NYSE:ADNT – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). Adient had a return on equity of 4.99% and a net margin of 0.08%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted ($0.13) earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts predict that Adient will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in Adient by 2.6% in the first quarter. FMR LLC now owns 14,307,760 shares of the company’s stock worth $586,046,000 after buying an additional 366,864 shares in the last quarter. BlackRock Inc. increased its position in Adient by 5.1% in the first quarter. BlackRock Inc. now owns 12,047,498 shares of the company’s stock worth $493,466,000 after buying an additional 583,297 shares in the last quarter. Capital World Investors increased its position in Adient by 29.1% in the first quarter. Capital World Investors now owns 11,562,906 shares of the company’s stock worth $471,420,000 after buying an additional 2,607,625 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Adient by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,434,123 shares of the company’s stock worth $181,619,000 after buying an additional 237,017 shares in the last quarter. Finally, State Street Corp increased its position in Adient by 2.0% in the first quarter. State Street Corp now owns 3,227,984 shares of the company’s stock worth $132,218,000 after buying an additional 63,861 shares in the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

About Adient

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Adient plc manufactures automotive seating systems. It operates through the following geographical segments: Americas, EMEA, and Asia. The company was founded in 1985 and is headquartered in Plymouth, MI.

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