Adient (NYSE:ADNT) Price Target Lowered to $33.00 at Wells Fargo & Company

Adient (NYSE:ADNT) had its target price decreased by Wells Fargo & Company from $38.00 to $33.00 in a report published on Monday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays reaffirmed an equal weight rating and issued a $37.00 target price (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America lowered their price objective on shares of Adient from $50.00 to $46.00 and set a buy rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $40.00 to $37.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Adient presently has an average rating of Hold and an average target price of $40.00.

Adient Trading Up 2.6 %

Adient stock opened at $28.12 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. Adient has a fifty-two week low of $26.97 and a fifty-two week high of $46.51. The stock has a market cap of $2.57 billion, a P/E ratio of 17.25, a PEG ratio of 0.29 and a beta of 2.39. The firm’s fifty day moving average price is $31.70 and its 200-day moving average price is $33.24.

Adient (NYSE:ADNT) last announced its earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company earned $0.32 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts forecast that Adient will post 2.53 earnings per share for the current fiscal year.

Insider Activity

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the sale, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently bought and sold shares of ADNT. SummerHaven Investment Management LLC grew its holdings in shares of Adient by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company’s stock worth $630,000 after purchasing an additional 310 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Adient by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock valued at $287,000 after buying an additional 368 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Adient by 1.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock worth $1,562,000 after acquiring an additional 571 shares during the last quarter. Watershed Asset Management L.L.C. grew its holdings in Adient by 8.2% in the 4th quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company’s stock worth $284,000 after acquiring an additional 595 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Adient by 20.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,743 shares of the company’s stock valued at $211,000 after acquiring an additional 962 shares during the last quarter. 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.