Morgan Stanley Has Lowered Expectations for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its price target decreased by Morgan Stanley from $21.00 to $19.00 in a report published on Thursday,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other research analysts have also commented on the stock. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. Barclays lowered their price objective on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their target price on Adient from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, UBS Group dropped their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.13.

Adient Price Performance

Shares of NYSE:ADNT opened at $19.89 on Thursday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 86.48, a PEG ratio of 0.44 and a beta of 2.18. The business has a 50 day moving average price of $21.32 and a 200 day moving average price of $23.84. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. Adient has a twelve month low of $19.30 and a twelve month high of $37.19.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $0.51 earnings per share. Adient’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts predict that Adient will post 2.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. M&T Bank Corp acquired a new stake in Adient during the 3rd quarter valued at $357,000. Barclays PLC raised its holdings in shares of Adient by 127.0% in the third quarter. Barclays PLC now owns 208,239 shares of the company’s stock valued at $4,701,000 after buying an additional 116,518 shares during the last quarter. State Street Corp lifted its position in Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after buying an additional 158,017 shares in the last quarter. Readystate Asset Management LP grew its holdings in Adient by 122.7% during the 3rd quarter. Readystate Asset Management LP now owns 24,330 shares of the company’s stock worth $549,000 after acquiring an additional 13,406 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

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.