Adient plc (NYSE:ADNT) Receives $20.88 Average Target Price from Analysts

Shares of Adient plc (NYSE:ADNT) have received a consensus rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.88.

Several analysts have commented on ADNT shares. StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. UBS Group lifted their target price on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Adient Stock Performance

ADNT opened at $15.09 on Monday. The firm has a fifty day moving average price of $16.11 and a 200 day moving average price of $18.58. Adient has a 1 year low of $13.34 and a 1 year high of $33.74. The stock has a market cap of $1.27 billion, a P/E ratio of 754.25, a P/E/G ratio of 0.34 and a beta of 2.27. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last issued 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 company posted $0.31 earnings per share. Equities research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Large investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in shares of Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after purchasing an additional 803,961 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Adient by 144.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock valued at $4,750,000 after buying an additional 124,539 shares in the last quarter. Thrivent Financial for Lutherans increased its stake 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 acquiring an additional 46,766 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Adient by 36.5% during the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after acquiring an additional 109,850 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Adient during the 3rd quarter valued at about $725,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.