Brokerages Set Adient plc (NYSE:ADNT) Price Target at $23.50

Adient plc (NYSE:ADNTGet Free Report) has earned a consensus rating of “Reduce” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $23.50.

ADNT has been the topic of a number of research analyst reports. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley dropped their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Finally, StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Saturday, December 28th.

View Our Latest Stock Analysis on ADNT

Adient Price Performance

Shares of ADNT opened at $16.66 on Wednesday. Adient has a one year low of $16.28 and a one year high of $36.04. The stock’s fifty day moving average is $18.79 and its 200-day moving average is $21.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 72.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16.

Adient (NYSE:ADNTGet Free Report) last released its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company earned $0.51 EPS. Adient’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that Adient will post 2.04 EPS for the current year.

Insider Buying and Selling

In other Adient news, EVP James Conklin sold 11,500 shares of the 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 completion of the sale, the executive vice president now owns 51,829 shares in the company, valued at $1,049,537.25. This represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the last quarter. Versant Capital Management Inc increased its position in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the last quarter. Signaturefd LLC raised its holdings in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares in the last quarter. KBC Group NV raised its holdings in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Adient

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Adient (NYSE:ADNT)

Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with MarketBeat.com's FREE daily email newsletter.