Adient (NYSE:ADNT) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of Adient (NYSE:ADNT) from an underperform rating to a neutral rating in a research note released on Monday, Marketbeat Ratings reports. The brokerage currently has $26.00 target price on the stock.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Adient from $32.00 to $30.00 and set a hold rating for the company in a report on Monday, May 6th. Morgan Stanley dropped their target price on shares of Adient from $35.00 to $32.00 and set an underweight rating for the company in a report on Friday, May 10th. Wells Fargo & Company dropped their target price on shares of Adient from $33.00 to $32.00 and set an overweight rating for the company in a report on Tuesday, June 25th. Bank of America dropped their target price on shares of Adient from $50.00 to $46.00 and set a buy rating for the company in a report on Wednesday, April 10th. Finally, Barclays dropped their target price on shares of Adient from $37.00 to $34.00 and set an equal weight rating for the company in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $37.67.

Adient Trading Down 0.6 %

NYSE ADNT opened at $24.71 on Monday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.33 and a beta of 2.19. Adient has a 52-week low of $24.22 and a 52-week high of $46.51. The firm has a 50-day moving average price of $27.38 and a 200 day moving average price of $31.37. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Equities research analysts expect that Adient will post 2.26 EPS for the current year.

Insider Transactions at Adient

In related news, Director Peter Carlin sold 4,207 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the sale, the director now owns 28,352 shares in the company, valued at $819,372.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of hedge funds have recently bought and sold shares of ADNT. Qube Research & Technologies Ltd boosted its holdings in shares of Adient by 167.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 211,856 shares of the company’s stock valued at $7,775,000 after purchasing an additional 132,595 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of Adient in the 3rd quarter valued at $223,000. Gotham Asset Management LLC boosted its holdings in shares of Adient by 244.8% in the 3rd quarter. Gotham Asset Management LLC now owns 71,489 shares of the company’s stock valued at $2,624,000 after purchasing an additional 50,754 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Adient by 407.3% in the 3rd quarter. AQR Capital Management LLC now owns 387,662 shares of the company’s stock valued at $14,227,000 after purchasing an additional 311,245 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Adient in the 3rd quarter valued at $364,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.