Adient plc (NYSE:ADNT) Receives $25.13 Average Target Price from Brokerages

Adient plc (NYSE:ADNT) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.38.

A number of research firms have issued reports on ADNT. Barclays decreased their price objective on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. UBS Group decreased their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price objective 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.

Institutional Investors Weigh In On Adient

Hedge funds have recently bought and sold shares of the business. CWM LLC boosted its stake in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE boosted its stake in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares in the last quarter. Signaturefd LLC boosted its stake in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after acquiring an additional 1,822 shares in the last quarter. Covestor Ltd boosted its stake in Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after acquiring an additional 2,210 shares in the last quarter. Finally, KBC Group NV boosted its stake in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Shares of NYSE:ADNT opened at $19.01 on Tuesday. The stock has a market cap of $1.61 billion, a PE ratio of 81.70, a PEG ratio of 0.44 and a beta of 2.18. The company’s fifty day moving average is $21.24 and its 200 day moving average is $23.63. Adient has a 52 week low of $18.53 and a 52 week high of $37.19. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Research analysts anticipate that Adient will post 2.27 earnings per share for the current 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.