Adient (NYSE:ADNT) PT Lowered to $30.00 at Deutsche Bank Aktiengesellschaft

Adient (NYSE:ADNT) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 7.22% from the company’s previous close.

Several other brokerages also recently issued reports on ADNT. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday. Barclays reiterated an “equal weight” rating and issued a $37.00 target price (down previously from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Finally, Bank of America decreased their target price on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Two research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Adient Stock Performance

ADNT traded up $0.57 during trading on Monday, hitting $27.98. The stock had a trading volume of 1,071,354 shares, compared to its average volume of 1,044,909. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. Adient has a 12 month low of $26.97 and a 12 month high of $46.51. The company has a 50 day simple moving average of $31.82 and a 200-day simple moving average of $33.28. The firm has a market cap of $2.55 billion, a PE ratio of 17.08, a P/E/G ratio of 0.29 and a beta of 2.39.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.54 EPS 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 previous year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Adient will post 2.53 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On Adient

A number of large investors have recently bought and sold shares of ADNT. Headlands Technologies LLC acquired a new position in Adient in the third quarter worth $46,000. Partnership Wealth Management LLC bought a new stake in Adient during the 4th quarter worth about $83,000. AM Squared Ltd acquired a new stake in Adient in the 3rd quarter valued at about $106,000. Dark Forest Capital Management LP acquired a new stake in Adient in the 3rd quarter valued at about $205,000. Finally, Handelsinvest Investeringsforvaltning bought a new position in shares of Adient in the fourth quarter worth about $207,000. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

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.