Adient (NYSE:ADNT) Price Target Lowered to $34.00 at Barclays

Adient (NYSE:ADNT) had its price objective reduced by analysts at Barclays from $37.00 to $34.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 20.95% from the company’s previous close.

ADNT has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on shares of Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Bank of America dropped their price objective on shares of Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their price target on Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.63.

Adient Stock Down 0.0 %

Shares of ADNT traded down $0.01 during midday trading on Tuesday, hitting $28.11. 322,047 shares of the company’s stock traded hands, compared to its average volume of 1,045,243. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.29 and a beta of 2.39. Adient has a 1 year low of $26.97 and a 1 year high of $46.51. The firm’s fifty day moving average is $31.70 and its 200-day moving average is $33.24.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Adient will post 2.53 earnings per share for the current year.

Insider Transactions at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADNT. Headlands Technologies LLC purchased a new stake in Adient in the 3rd quarter valued at approximately $46,000. Partnership Wealth Management LLC acquired a new stake in shares of Adient in the 4th quarter valued at approximately $83,000. AM Squared Ltd purchased a new stake in shares of Adient in the third quarter valued at approximately $106,000. TFO Wealth Partners LLC grew its holdings in Adient by 41,090.9% during the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock worth $1,650,000 after acquiring an additional 4,520 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in Adient in the third quarter worth $205,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.