Adient (NYSE:ADNT) Price Target Cut to $31.00 by Analysts at JPMorgan Chase & Co.

Adient (NYSE:ADNT) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $32.00 to $31.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 21.66% from the stock’s current price.

ADNT has been the subject of several other research reports. Bank of America lowered their price objective on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, May 6th. Wells Fargo & Company decreased their target price on shares of Adient from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Morgan Stanley dropped their price target on Adient from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. Finally, Barclays reduced their price objective on Adient from $34.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Adient currently has an average rating of “Hold” and an average target price of $34.33.

Adient Price Performance

Shares of NYSE ADNT opened at $25.48 on Monday. Adient has a 1 year low of $22.93 and a 1 year high of $46.51. The stock has a market capitalization of $2.29 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.32 and a beta of 2.19. The company’s 50-day moving average is $26.25 and its 200 day moving average is $30.32. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last posted its 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 firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. On average, sell-side analysts expect that Adient will post 2.26 earnings per share for the current year.

Insider Transactions at Adient

In related news, Director Peter Carlin sold 4,207 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $28.90, for a total transaction of $121,582.30. Following the sale, the director now directly owns 28,352 shares of the company’s stock, valued at $819,372.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Dimensional Fund Advisors LP raised its stake in Adient by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,017,402 shares of the company’s stock valued at $182,434,000 after buying an additional 196,857 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Adient by 5.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock valued at $162,495,000 after acquiring an additional 229,963 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Adient by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 3,233,171 shares of the company’s stock valued at $117,558,000 after acquiring an additional 37,010 shares during the period. Vanguard Group Inc. boosted its position in Adient by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock worth $99,348,000 after purchasing an additional 246,038 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Adient by 8.9% during the 1st quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company’s stock valued at $65,147,000 after purchasing an additional 161,579 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.