Adient plc (NYSE:ADNT) Receives $25.38 Average Target Price from Brokerages

Adient plc (NYSE:ADNT) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.38.

ADNT has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lowered their target price on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Monday, July 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. CWM LLC increased its stake in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares during the period. Signaturefd LLC increased its stake in shares of Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after buying an additional 1,822 shares during the period. Covestor Ltd increased its stake in shares of Adient by 201.5% in the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after buying an additional 2,210 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Adient in the first quarter worth $135,000. Finally, Headlands Technologies LLC purchased a new position in shares of Adient in the first quarter worth $159,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Price Performance

ADNT stock opened at $20.89 on Friday. The firm has a 50 day moving average of $21.83 and a 200-day moving average of $24.76. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Adient has a 12 month low of $19.40 and a 12 month high of $37.19. The firm has a market capitalization of $1.88 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.35 and a beta of 2.16.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.82 billion. Adient had a net margin of 0.50% and a return on equity of 6.34%. Adient’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

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.