KeyCorp upgraded shares of Adient (NYSE:ADNT) from an underweight rating to a sector weight rating in a research report report published on Monday morning, Marketbeat.com reports. KeyCorp also issued estimates for Adient’s Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $1.90 EPS.

ADNT has been the subject of several other reports. Wells Fargo & Co reiterated a hold rating on shares of Adient in a research note on Thursday, February 7th. ValuEngine downgraded Adient from a sell rating to a strong sell rating in a research report on Tuesday, March 5th. Zacks Investment Research raised Adient from a strong sell rating to a hold rating in a research report on Monday, January 14th. Robert W. Baird downgraded Adient from a neutral rating to an underperform rating and lowered their price target for the company from $25.00 to $14.00 in a research report on Friday, January 4th. Finally, Goldman Sachs Group reissued a hold rating on shares of Adient in a research report on Wednesday, January 16th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $31.00.

Adient stock opened at $13.05 on Monday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 2.32, a price-to-earnings-growth ratio of 0.52 and a beta of 2.17. Adient has a 52 week low of $13.01 and a 52 week high of $67.10. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.25.

Adient (NYSE:ADNT) last released its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.17). The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.17 billion. Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. Research analysts predict that Adient will post 2.32 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. boosted its position in shares of Adient by 0.3% in the fourth quarter. American International Group Inc. now owns 177,164 shares of the company’s stock worth $2,668,000 after buying an additional 523 shares during the period. Arizona State Retirement System boosted its position in shares of Adient by 1.1% in the fourth quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock worth $939,000 after buying an additional 684 shares during the period. D.A. Davidson & CO. boosted its position 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 buying an additional 709 shares during the period. Commonwealth Bank of Australia boosted its position in shares of Adient by 3.6% in the fourth quarter. Commonwealth Bank of Australia now owns 25,913 shares of the company’s stock worth $390,000 after buying an additional 900 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Adient by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,060 shares of the company’s stock worth $332,000 after buying an additional 1,299 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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