Adient (NYSE:ADNT) Reaches New 1-Year Low at $19.94

Adient plc (NYSE:ADNT)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $19.94 and last traded at $20.21, with a volume of 162159 shares traded. The stock had previously closed at $21.17.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADNT shares. Bank of America cut their price target on shares of Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 target price on shares of Adient in a research note on Tuesday. Barclays dropped their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Wolfe Research assumed coverage on Adient in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price target on the stock in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Adient currently has a consensus rating of “Hold” and an average price target of $27.25.

Adient Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average is $23.13 and its two-hundred day moving average is $27.39. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.27, a PEG ratio of 0.54 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 EPS 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Adient plc will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its stake in Adient by 44.2% in the second quarter. Creative Planning now owns 15,417 shares of the company’s stock worth $381,000 after acquiring an additional 4,728 shares during the period. Algert Global LLC purchased a new stake in Adient in the second quarter worth $227,000. Susquehanna Fundamental Investments LLC lifted its stake in Adient by 85.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock worth $3,779,000 after acquiring an additional 70,611 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Adient by 86.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after acquiring an additional 525,280 shares during the period. Finally, Dark Forest Capital Management LP lifted its position in Adient by 1,922.1% during the second quarter. Dark Forest Capital Management LP now owns 148,520 shares of the company’s stock valued at $3,670,000 after buying an additional 141,175 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.