Adient (NYSE:ADNT) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Adient (NYSE:ADNT)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Tuesday, Benzinga reports. They presently have a $24.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 13.37% from the stock’s current price.

Several other brokerages have also weighed in on ADNT. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price target for the company in a research note on Monday, July 1st. Barclays cut their price objective on Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Morgan Stanley decreased their target price on Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. cut their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Wolfe Research started coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.25.

Adient Price Performance

Shares of NYSE ADNT opened at $21.17 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.54 and a beta of 2.16. The firm’s 50 day simple moving average is $23.21 and its 200-day simple moving average is $27.48. Adient has a 12 month low of $20.18 and a 12 month high of $39.93.

Adient (NYSE:ADNT) last released its quarterly earnings results 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 net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts expect that Adient will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its position in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares in the last quarter. Covestor Ltd grew 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 valued at $109,000 after purchasing an additional 2,210 shares during the period. Lazard Asset Management LLC acquired a new stake in Adient during the first quarter worth about $135,000. Headlands Technologies LLC acquired a new stake in Adient during the first quarter worth about $159,000. Finally, Assenagon Asset Management S.A. purchased a new position in Adient during 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.