Adient (NYSE:ADNT) Price Target Raised to $20.00

Adient (NYSE:ADNT) had its price target lifted by UBS Group from $19.00 to $20.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also weighed in on ADNT. JPMorgan Chase & Co. lowered their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Barclays dropped their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Morgan Stanley reduced their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Adient presently has a consensus rating of “Hold” and an average price target of $21.88.

Adient Stock Down 4.5 %

Adient stock opened at $17.44 on Wednesday. The company has a market capitalization of $1.46 billion, a PE ratio of 872.00, a PEG ratio of 0.33 and a beta of 2.16. Adient has a 12-month low of $16.28 and a 12-month high of $36.04. The firm’s fifty day moving average is $17.96 and its 200 day moving average is $20.54. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, sell-side analysts predict that Adient will post 1.93 EPS for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the sale, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its holdings in Adient by 26.5% during the 2nd quarter. Sei Investments Co. now owns 64,752 shares of the company’s stock valued at $1,600,000 after acquiring an additional 13,546 shares during the period. AQR Capital Management LLC raised its stake in shares of Adient by 10.9% during the 2nd quarter. AQR Capital Management LLC now owns 625,500 shares of the company’s stock valued at $15,419,000 after purchasing an additional 61,665 shares during the period. Algert Global LLC purchased a new stake in Adient during the 2nd quarter worth about $227,000. Creative Planning boosted its stake in Adient by 44.2% in the 2nd quarter. Creative Planning now owns 15,417 shares of the company’s stock worth $381,000 after purchasing an additional 4,728 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Adient by 44.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 28,760 shares of the company’s stock valued at $649,000 after buying an additional 8,800 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

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.