Adient (ADNT) Receives Buy Rating from Longbow Research

Longbow Research reiterated their buy rating on shares of Adient (NYSE:ADNT) in a research note issued to investors on Tuesday, AnalystRatings.com reports. The brokerage currently has a $26.00 price target on the stock.

A number of other brokerages have also issued reports on ADNT. Barclays upgraded shares of Adient from an equal weight rating to an overweight rating and upped their price target for the company from $16.00 to $30.00 in a research note on Tuesday. Bank of America upgraded shares of Adient from a neutral rating to a buy rating and set a $25.00 price target on the stock in a research note on Friday, April 12th. Zacks Investment Research upgraded shares of Adient from a strong sell rating to a hold rating in a research note on Tuesday, April 9th. Royal Bank of Canada upgraded shares of Adient from an underperform rating to a sector perform rating and set a $15.00 price target on the stock in a research note on Friday, April 5th. Finally, Robert W. Baird upgraded shares of Adient from an underperform rating to a neutral rating and set a $13.22 price target on the stock in a research note on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $31.85.

NYSE:ADNT opened at $24.48 on Tuesday. Adient has a 52 week low of $12.15 and a 52 week high of $66.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. The company has a market cap of $2.22 billion, a P/E ratio of 4.36 and a beta of 2.09.

Adient (NYSE:ADNT) last posted its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the company earned $1.06 EPS. The company’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Adient will post 2.33 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Adient by 1,406.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 553,094 shares of the company’s stock worth $37,000 after acquiring an additional 516,368 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Adient in the fourth quarter worth $91,000. Bank of Montreal Can increased its stake in shares of Adient by 34.3% in the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock worth $114,000 after acquiring an additional 1,952 shares during the period. D.A. Davidson & CO. increased its stake in shares of Adient by 7.4% in the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock worth $155,000 after acquiring an additional 709 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Adient by 50.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,708 shares of the company’s stock worth $176,000 after acquiring an additional 3,914 shares during the period.

Adient Company Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Analyst Recommendations for Adient (NYSE:ADNT)

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