Adient (NYSE:ADNT) Receives $27.67 Consensus Price Target from Analysts

Shares of Adient (NYSE:ADNT) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.6667.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Bank of America started coverage on Adient in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective for the company. UBS Group lifted their price objective on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Barclays boosted their target price on Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on Adient from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, February 6th.

Institutional Investors Weigh In On Adient

A number of large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its position in Adient by 62.6% during the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after acquiring an additional 439 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Adient in the fourth quarter valued at approximately $30,000. Quarry LP grew its position in shares of Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Adient during the 2nd quarter worth approximately $63,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Adient during the 4th quarter worth approximately $64,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Stock Performance

Shares of ADNT opened at $21.21 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. Adient has a 52-week low of $10.04 and a 52-week high of $27.32. The company has a 50-day simple moving average of $22.83 and a 200-day simple moving average of $22.31. The company has a market capitalization of $1.66 billion, a PE ratio of -5.86, a P/E/G ratio of 0.47 and a beta of 1.56.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.16. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that Adient will post 1.76 earnings per share for the current fiscal 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.