Adient plc (NYSE:ADNT) Receives $21.88 Average Target Price from Analysts

Adient plc (NYSE:ADNT) has received an average rating of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $21.88.

ADNT has been the subject of a number of research analyst reports. UBS Group upped their target price on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $27.00 to $20.00 in a report on Monday, December 16th. Barclays decreased their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley dropped their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th.

Adient Trading Up 3.1 %

ADNT opened at $16.91 on Friday. The business’s 50-day simple moving average is $17.84 and its 200-day simple moving average is $20.35. The company has a market cap of $1.42 billion, a P/E ratio of 845.25, a PEG ratio of 0.33 and a beta of 2.18. Adient has a one year low of $15.71 and a one year high of $36.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities research analysts expect that Adient will post 1.89 EPS for the current fiscal year.

Insider Transactions at Adient

In related news, EVP James Conklin sold 11,500 shares of the firm’s 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in Adient by 10,316.7% during 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 in the last quarter. R Squared Ltd purchased a new position in shares of Adient during the 4th quarter worth approximately $32,000. IFP Advisors Inc raised its position in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares during the last quarter. US Bancorp DE lifted its stake in Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after buying an additional 1,588 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

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.