Adient (NYSE:ADNT) Hits New 1-Year Low – What’s Next?

Adient plc (NYSE:ADNT)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.38 and last traded at $19.40, with a volume of 12521 shares changing hands. The stock had previously closed at $19.74.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. Wells Fargo & Company dropped their price objective on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Barclays lowered their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley reduced their target price on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. Finally, 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 note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.38.

Adient Stock Up 0.4 %

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 business has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $24.38. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 0.39 and a beta of 2.18.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $3.82 billion. During the same period in the previous year, the business posted $0.98 EPS. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts expect that Adient plc will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. Vanguard Group Inc. boosted its holdings in Adient by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock worth $99,348,000 after acquiring an additional 246,038 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Adient by 171.2% in the first quarter. Commonwealth Equity Services LLC now owns 22,228 shares of the company’s stock worth $732,000 after buying an additional 14,033 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Adient by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 132,765 shares of the company’s stock worth $4,371,000 after buying an additional 54,311 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Adient during the 1st quarter valued at about $406,000. Finally, Central Pacific Bank Trust Division purchased a new position in Adient in the 1st quarter worth approximately $335,000. 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.