Adient (NYSE:ADNT) Receives $24.19 Consensus PT from Analysts

Adient (NYSE:ADNT) has been assigned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.1875.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Adient from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. UBS Group set a $30.00 price objective on shares of Adient and gave the company a “buy” rating in a research report on Wednesday, January 14th. Barclays cut their target price on shares of Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company upped their price target on shares of Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Morgan Stanley raised shares of Adient from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $17.00 to $20.00 in a report on Monday, December 8th.

Insider Activity at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the transaction, the executive vice president owned 116,425 shares in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Institutional Trading of Adient

Several institutional investors have recently added to or reduced their stakes in ADNT. Royal Bank of Canada grew its holdings in Adient by 11.6% in the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after buying an additional 2,331 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after acquiring an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adient in the first quarter valued at about $236,000. Strs Ohio acquired a new position in shares of Adient in the first quarter valued at about $585,000. Finally, Parallel Advisors LLC increased its position in Adient by 13,957.9% during the second quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock worth $52,000 after acquiring an additional 2,652 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Adient Price Performance

Shares of NYSE ADNT opened at $21.24 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average price is $19.70 and its two-hundred day moving average price is $22.05. The company has a market cap of $1.68 billion, a PE ratio of -6.36, a price-to-earnings-growth ratio of 0.73 and a beta of 1.61. Adient has a twelve month low of $10.04 and a twelve month high of $26.16.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Adient will post 1.76 EPS for the current year.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.