Wells Fargo & Co Reiterates “Hold” Rating for Adient (ADNT)

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Wells Fargo & Co reaffirmed their hold rating on shares of Adient (NYSE:ADNT) in a research note issued to investors on Thursday morning.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley set a $16.00 price target on shares of Adient and gave the stock a sell rating in a research report on Tuesday, January 29th. Longbow Research reaffirmed a buy rating and issued a $28.00 price target on shares of Adient in a research report on Monday, January 28th. Bank of America set a $22.00 price target on shares of Adient and gave the stock a hold rating in a research report on Tuesday, January 22nd. Royal Bank of Canada cut shares of Adient from a sector perform rating to an underperform rating and lowered their price target for the stock from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Finally, Goldman Sachs Group reaffirmed a hold rating on shares of Adient in a research report on Wednesday, January 16th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $33.23.

Shares of ADNT stock opened at $17.81 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 1.00. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 3.17, a P/E/G ratio of 0.42 and a beta of 2.20. Adient has a one year low of $14.52 and a one year high of $67.10.

Adient (NYSE:ADNT) last issued its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. Adient’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share. On average, equities analysts forecast that Adient will post 3.41 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ADNT. Arizona State Retirement System lifted its position in Adient by 1.1% during the fourth quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock valued at $939,000 after acquiring an additional 684 shares during the last quarter. D.A. Davidson & CO. lifted its position in Adient by 7.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock valued at $155,000 after acquiring an additional 709 shares during the last quarter. Private Advisor Group LLC lifted its position in Adient by 29.5% during the third quarter. Private Advisor Group LLC now owns 7,445 shares of the company’s stock valued at $293,000 after acquiring an additional 1,697 shares during the last quarter. Bank of Montreal Can lifted its position in Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock valued at $114,000 after acquiring an additional 1,952 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Adient by 1.4% during the third quarter. First Trust Advisors LP now owns 143,337 shares of the company’s stock valued at $5,635,000 after acquiring an additional 1,988 shares during the last quarter.

About Adient

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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