Adient’s (ADNT) Hold Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Adient (NYSE:ADNT) in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a $24.00 price target on the stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price target on Adient from $31.00 to $27.00 and set a neutral rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price objective on Adient from $33.00 to $32.00 and set an overweight rating for the company in a research report on Tuesday, June 25th. Bank of America reduced their price target on Adient from $42.00 to $40.00 and set a buy rating for the company in a report on Monday, July 22nd. BNP Paribas upgraded Adient from an underperform rating to a neutral rating and set a $26.00 price target for the company in a report on Monday, July 1st. Finally, Wolfe Research started coverage on Adient in a report on Thursday, September 5th. They set a peer perform rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $27.25.

Adient Stock Up 3.1 %

Shares of NYSE ADNT opened at $20.52 on Tuesday. Adient has a one year low of $19.40 and a one year high of $39.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $22.94 and its two-hundred day simple moving average is $27.28. The stock has a market capitalization of $1.79 billion, a P/E ratio of 12.21, a PEG ratio of 0.53 and a beta of 2.16.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Adient will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ADNT. D. E. Shaw & Co. Inc. boosted its position in shares of Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock valued at $28,019,000 after acquiring an additional 525,280 shares during the last quarter. Norges Bank purchased a new stake in Adient during the 4th quarter valued at $18,040,000. HITE Hedge Asset Management LLC raised its holdings in Adient by 125.3% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock valued at $12,669,000 after buying an additional 285,104 shares during the period. Pzena Investment Management LLC raised its holdings in Adient by 17.5% during the 4th quarter. Pzena Investment Management LLC now owns 1,817,382 shares of the company’s stock valued at $66,080,000 after buying an additional 270,455 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Adient by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after buying an additional 246,038 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

Adient plc 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.