Adient (NYSE:ADNT) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of Adient (NYSE:ADNT) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $14.00 price objective on the stock.

Several other research firms also recently weighed in on ADNT. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Morgan Stanley dropped their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. Barclays lowered shares of Adient from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th. UBS Group dropped their price objective on shares of Adient from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Adient presently has a consensus rating of “Hold” and a consensus target price of $18.44.

Adient Stock Performance

Shares of Adient stock opened at $12.54 on Wednesday. The company has a 50 day moving average price of $13.48 and a 200 day moving average price of $16.96. The firm has a market capitalization of $1.05 billion, a P/E ratio of 627.00, a PEG ratio of 0.34 and a beta of 1.97. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. Adient has a 52 week low of $10.04 and a 52 week high of $31.19.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Sell-side analysts expect that Adient will post 1.76 EPS for the current year.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Pzena Investment Management LLC boosted its stake in shares of Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after acquiring an additional 803,961 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Adient during the fourth quarter worth approximately $11,395,000. Millennium Management LLC grew its holdings in Adient by 2,039.0% in the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company’s stock valued at $10,516,000 after purchasing an additional 581,779 shares during the period. HITE Hedge Asset Management LLC increased its position in shares of Adient by 122.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company’s stock valued at $14,065,000 after buying an additional 449,272 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Adient by 96.5% during the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company’s stock worth $13,828,000 after buying an additional 394,111 shares during the period. 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.