Adient (NYSE:ADNT) Receives $27.44 Average Target Price from Brokerages

Shares of Adient (NYSE:ADNT) have received a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.4444.

Several research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Bank of America started coverage on shares of Adient in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, February 5th. UBS Group raised their target price on Adient from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company reduced their price target on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. Hantz Financial Services Inc. boosted 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 purchasing an additional 439 shares during the period. Leonteq Securities AG bought a new position in shares of Adient in the fourth quarter valued at approximately $30,000. Quarry LP lifted its stake in shares of Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Adient in the second quarter worth $63,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Adient during the 4th quarter worth $64,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Down 0.4%

ADNT opened at $20.29 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of -5.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.55. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 0.88. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $27.32. The business has a 50-day moving average of $22.57 and a 200-day moving average of $21.78.

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. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. Equities research analysts forecast that Adient will post 1.76 EPS for the current fiscal 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.