Adient (NYSE:ADNT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Adient (NYSE:ADNT) had its price target boosted by analysts at Stifel Nicolaus from $24.00 to $26.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 19.54% from the stock’s current price.

Several other equities analysts have also weighed in on ADNT. Wall Street Zen lowered shares of Adient from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Morgan Stanley raised Adient from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday, December 8th. Citigroup reduced their price objective on Adient from $25.00 to $22.50 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.56.

Adient Trading Down 0.5%

ADNT stock traded down $0.10 during trading on Friday, hitting $21.75. The company had a trading volume of 149,517 shares, compared to its average volume of 1,374,021. The stock has a market cap of $1.72 billion, a PE ratio of -6.52, a PEG ratio of 0.74 and a beta of 1.61. The business has a 50-day moving average of $19.74 and a 200-day moving average of $22.05. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16. Adient has a one year low of $10.04 and a one year high of $26.16.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.58 billion. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the sale, the executive vice president owned 116,425 shares in the company, valued at $2,294,736.75. This trade represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Adient by 3.9% in the third quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock valued at $107,781,000 after purchasing an additional 166,319 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Adient by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after acquiring an additional 328,555 shares during the period. Pzena Investment Management LLC increased its stake in shares of Adient by 7.0% in the second quarter. Pzena Investment Management LLC now owns 4,174,493 shares of the company’s stock worth $81,236,000 after buying an additional 272,920 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adient by 61.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after purchasing an additional 718,538 shares during the period. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of Adient in the 2nd quarter worth approximately $28,839,000. 92.44% of the stock is owned by institutional investors.

About Adient

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.