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 research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a $24.00 price objective on the stock.

ADNT has been the topic of several other reports. Barclays cut 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 report on Thursday, August 8th. Bank of America cut their target price on shares of Adient from $42.00 to $40.00 and set a buy rating on the stock in a research report on Monday, July 22nd. UBS Group dropped their price target on shares of Adient from $27.00 to $24.00 and set a neutral rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley dropped their price target on shares of Adient from $32.00 to $21.00 and set an underweight rating on the stock in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their price target on shares of Adient from $33.00 to $32.00 and set an overweight rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $27.25.

Adient Price Performance

NYSE:ADNT opened at $20.52 on Tuesday. 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 stock’s 50 day moving average price is $22.94 and its two-hundred day moving average price is $27.28. Adient has a 12-month low of $19.40 and a 12-month high of $39.02. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.53 and a beta of 2.16.

Adient (NYSE:ADNT) last released 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 return on equity of 6.34% and a net margin of 0.50%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Adient’s revenue was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Adient will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its holdings in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after purchasing an additional 443 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Adient by 201.5% in the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after buying an additional 2,210 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Adient in the first quarter worth about $135,000. Headlands Technologies LLC purchased a new stake in shares of Adient in the first quarter worth about $159,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Adient in the first quarter worth about $223,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

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.