Adient (NYSE:ADNT – Get Free Report) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $24.00 to $21.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.94% from the stock’s current price.
Several other equities research analysts have also issued reports on ADNT. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Morgan Stanley cut their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Barclays cut their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.38.
View Our Latest Stock Analysis on Adient
Adient Price Performance
Adient (NYSE:ADNT – Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a return on equity of 6.86% and a net margin of 0.12%. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts expect that Adient will post 2.04 EPS for the current year.
Insiders Place Their Bets
In other news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ADNT. Susquehanna Fundamental Investments LLC lifted its position in Adient by 85.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock valued at $3,779,000 after acquiring an additional 70,611 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Adient by 144.9% during the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock valued at $4,750,000 after purchasing an additional 124,539 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Adient by 202.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock worth $1,576,000 after purchasing an additional 46,766 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after buying an additional 109,850 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Adient in the third quarter worth $725,000. 92.44% of the stock is currently owned by institutional investors.
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.
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