Brokerages Set Adient plc (NYSE:ADNT) PT at $20.88

Adient plc (NYSE:ADNT) has received a consensus recommendation of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.88.

Several equities analysts have commented on ADNT shares. Morgan Stanley dropped their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. StockNews.com cut Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $20.00 in a research report on Monday, December 16th.

Hedge Funds Weigh In On Adient

Large investors have recently modified their holdings of the business. Pzena Investment Management LLC lifted its stake in shares of Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after buying an additional 803,961 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Adient by 144.9% in the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock valued at $4,750,000 after acquiring an additional 124,539 shares during the period. Thrivent Financial for Lutherans grew its stake in Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock valued at $1,576,000 after acquiring an additional 46,766 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Adient by 36.5% during the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after acquiring an additional 109,850 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Adient by 263.6% in the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock worth $1,383,000 after purchasing an additional 58,209 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Trading Down 5.1 %

Shares of Adient stock opened at $12.83 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $15.95 and a 200 day simple moving average of $18.49. Adient has a 12-month low of $12.55 and a 12-month high of $32.79. The company has a market capitalization of $1.08 billion, a P/E ratio of 641.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last announced its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

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.