Stifel Nicolaus Lowers Adient (NYSE:ADNT) Price Target to $24.00

Adient (NYSE:ADNT) had its price target decreased by investment analysts at Stifel Nicolaus from $29.00 to $24.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 22.29% from the company’s current price.

Several other analysts also recently commented on ADNT. Zacks Research lowered Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. UBS Group boosted their price objective on Adient from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wall Street Zen cut Adient from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Adient from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Adient currently has an average rating of “Reduce” and a consensus price target of $21.63.

Adient Trading Up 3.4%

ADNT opened at $19.63 on Thursday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.92. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 0.65 and a beta of 1.87. The company’s 50 day moving average price is $23.78 and its two-hundred day moving average price is $20.73.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. As a group, research analysts predict that Adient will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On Adient

Several institutional investors have recently modified their holdings of the business. Greenwich Wealth Management LLC grew its stake in Adient by 1.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after purchasing an additional 435 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Adient by 15.2% in the 1st quarter. Covestor Ltd now owns 6,984 shares of the company’s stock worth $90,000 after buying an additional 922 shares during the last quarter. Yousif Capital Management LLC grew its position in Adient by 3.1% during the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock valued at $727,000 after buying an additional 1,114 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in Adient by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company’s stock worth $670,000 after buying an additional 1,204 shares during the last quarter. 92.44% of the stock is owned by 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.