Adient (NYSE:ADNT) Receives $27.56 Average Price Target from Analysts

Adient (NYSE:ADNT) has been assigned an average rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.5556.

ADNT has been the topic of several research reports. UBS Group increased their target price on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adient in a research report on Friday, April 17th. Weiss Ratings raised Adient from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Morgan Stanley increased their target price on Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ADNT. Arrowstreet Capital Limited Partnership raised its position in Adient by 61.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock valued at $45,517,000 after purchasing an additional 718,538 shares during the period. SG Americas Securities LLC raised its position in Adient by 117.8% in the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after purchasing an additional 494,054 shares during the period. Engineers Gate Manager LP raised its position in Adient by 311.5% in the fourth quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock valued at $12,195,000 after purchasing an additional 481,538 shares during the period. Invesco Ltd. raised its position in Adient by 38.6% in the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after purchasing an additional 445,343 shares during the period. Finally, AQR Capital Management LLC raised its position in Adient by 143.3% in the second quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock valued at $11,276,000 after purchasing an additional 342,329 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Trading Up 1.4%

Shares of ADNT opened at $21.34 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.67 billion, a P/E ratio of -5.90, a price-to-earnings-growth ratio of 0.49 and a beta of 1.48. The stock’s fifty day simple moving average is $21.36 and its 200 day simple moving average is $21.36. Adient has a twelve month low of $11.89 and a twelve month high of $27.32.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.16. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. On average, equities research analysts forecast that Adient will post 2.01 earnings per share for the current year.

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.