Adient (NYSE:ADNT) Receives $24.00 Average Target Price from Analysts

Shares of Adient (NYSE:ADNT) have received an average rating of “Reduce” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of analysts have issued reports on ADNT shares. Zacks Research cut Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Barclays increased their price target on Adient from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. Morgan Stanley lifted their price target on shares of Adient from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Bank of America boosted their price objective on shares of Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th.

Adient Trading Down 5.2%

Adient stock opened at $18.95 on Tuesday. Adient has a 12-month low of $10.04 and a 12-month high of $26.16. The stock has a market capitalization of $1.54 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.68 and a beta of 1.87. The firm has a 50 day simple moving average of $23.88 and a 200-day simple moving average of $20.67. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.92.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $3.51 billion for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%. As a group, equities research analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after purchasing an additional 1,367 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Adient during the first quarter worth about $160,000. New York State Common Retirement Fund increased its holdings in shares of Adient by 208.9% during the first quarter. New York State Common Retirement Fund now owns 81,471 shares of the company’s stock worth $1,048,000 after buying an additional 55,100 shares in the last quarter. CWM LLC increased its holdings in shares of Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company’s stock worth $44,000 after buying an additional 1,636 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Adient by 7.5% in the first quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company’s stock valued at $50,174,000 after acquiring an additional 272,121 shares during the last quarter. 92.44% of the stock is owned by 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.