Adient (NYSE:ADNT) Hits New 1-Year Low – Here’s Why

Adient plc (NYSE:ADNT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.69 and last traded at $11.74, with a volume of 177712 shares traded. The stock had previously closed at $12.82.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group boosted their price target on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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 research report on Monday, January 27th. Morgan Stanley decreased their price target on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. Finally, Barclays decreased their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.88.

Adient Stock Performance

The firm’s 50 day moving average price is $15.49 and its two-hundred day moving average price is $18.21. The firm has a market cap of $973.62 million, a PE ratio of 580.00, a PEG ratio of 0.34 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the business earned $0.31 earnings per share. On average, research analysts forecast that Adient plc will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new stake in Adient in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc lifted its stake in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after purchasing an additional 1,857 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after buying an additional 2,285 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of Adient by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock valued at $47,000 after buying an additional 2,435 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.