Adient (NYSE:ADNT) PT Lowered to $30.00

Adient (NYSE:ADNT) had its target price reduced by equities research analysts at Bank of America from $35.00 to $30.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 40.52% from the company’s current price.

ADNT has been the subject of several other research reports. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price for the company in a research report on Monday, July 1st. Morgan Stanley reduced their target price on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. Barclays dropped their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company reduced their price target on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Finally, Wolfe Research started coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.38.

Adient Trading Down 2.3 %

Adient stock opened at $21.35 on Monday. The business’s 50-day simple moving average is $21.79 and its 200-day simple moving average is $25.39. Adient has a 52 week low of $19.40 and a 52 week high of $37.19. The firm has a market capitalization of $1.92 billion, a PE ratio of 13.23, a PEG ratio of 0.35 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08.

Adient (NYSE:ADNT) last released its 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 company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Adient’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts forecast that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Several hedge funds have recently bought and sold shares of ADNT. Dimensional Fund Advisors LP lifted its stake in Adient by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock valued at $125,480,000 after purchasing an additional 61,342 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Adient by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after acquiring an additional 246,038 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Adient by 8.9% during the first quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company’s stock worth $65,147,000 after purchasing an additional 161,579 shares during the period. Goldman Sachs Group Inc. increased its stake in Adient by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,733,010 shares of the company’s stock worth $63,012,000 after acquiring an additional 25,534 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Adient by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,457 shares of the company’s stock worth $39,943,000 after purchasing an additional 17,833 shares during the period. 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.