Brokerages Set Adient plc (NYSE:ADNT) Target Price at $21.88

Shares of Adient plc (NYSE:ADNT) have been given an average rating of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.63.

Several equities analysts have recently issued reports on ADNT shares. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Finally, Barclays cut their price target on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd.

Adient Price Performance

Shares of ADNT stock opened at $14.69 on Thursday. The company has a market cap of $1.23 billion, a P/E ratio of 734.50, a P/E/G ratio of 0.34 and a beta of 2.18. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. Adient has a twelve month low of $14.60 and a twelve month high of $35.94. The business has a fifty day simple moving average of $17.13 and a 200 day simple moving average of $19.53.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that Adient will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares in the company, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Adient

Several institutional investors have recently made changes to their positions in ADNT. Point72 Hong Kong Ltd purchased a new position in Adient during the fourth quarter valued at approximately $25,000. R Squared Ltd purchased a new position in shares of Adient during the fourth quarter worth approximately $32,000. US Bancorp DE raised its position in Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the period. Versant Capital Management Inc lifted its stake in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after acquiring an additional 1,857 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. Hedge funds and other 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.