UBS Group lowered shares of Adient (NYSE:ADNT) from a buy rating to a neutral rating in a research note published on Thursday morning, BenzingaRatingsTable reports. The firm currently has $27.00 target price on the stock, down from their previous target price of $30.00.
Other analysts also recently issued reports about the stock. Morgan Stanley set a $12.00 target price on shares of Adient and gave the stock a sell rating in a research report on Wednesday, June 26th. ValuEngine raised shares of Adient from a sell rating to a hold rating in a research report on Thursday, September 5th. Finally, Credit Suisse Group started coverage on shares of Adient in a research report on Wednesday, June 26th. They issued a neutral rating and a $24.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $22.47.
Adient stock opened at $25.07 on Thursday. The firm has a market cap of $2.37 billion, a PE ratio of 4.46 and a beta of 3.22. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 1.07. The firm’s 50 day moving average price is $22.51 and its two-hundred day moving average price is $20.43. Adient has a twelve month low of $12.15 and a twelve month high of $45.17.
A number of institutional investors have recently modified their holdings of ADNT. CWM LLC boosted its holdings in Adient by 231.2% in the 2nd quarter. CWM LLC now owns 1,020 shares of the company’s stock valued at $25,000 after purchasing an additional 712 shares during the period. Strs Ohio bought a new stake in Adient in the 2nd quarter valued at $106,000. Stephens Inc. AR bought a new stake in Adient in the 1st quarter valued at $143,000. Marshall Wace North America L.P. bought a new stake in Adient in the 1st quarter valued at $179,000. Finally, KCS Wealth Advisory bought a new stake in Adient in the 2nd quarter valued at $205,000.
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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