Wells Fargo & Company Lowers Adient (NYSE:ADNT) Price Target to $28.00

Adient (NYSE:ADNT) had its target price cut by analysts at Wells Fargo & Company from $31.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 42.68% from the stock’s current price.

ADNT has been the topic of a number of other reports. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th. Cfra Research upgraded shares of Adient from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 7th. Bank of America lifted their price objective on Adient from $17.50 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, September 10th. Finally, Barclays upped their price target on Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $21.63.

Adient Trading Up 3.4%

Shares of Adient stock opened at $19.63 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The company’s 50-day simple moving average is $23.78 and its 200-day simple moving average is $20.73. Adient has a 52-week low of $10.04 and a 52-week high of $26.16. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -5.88, a price-to-earnings-growth ratio of 0.65 and a beta of 1.87.

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

Hedge Funds Weigh In On Adient

A number of hedge funds and other institutional investors have recently bought and sold shares of ADNT. Hantz Financial Services Inc. increased its holdings in shares of Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after acquiring an additional 439 shares during the period. Brooklyn Investment Group increased its position in Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after acquiring an additional 2,124 shares during the period. Fifth Third Bancorp raised its stake in Adient by 544.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock valued at $42,000 after acquiring an additional 1,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Adient by 991.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after acquiring an additional 1,982 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Adient by 157.5% in the first 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. 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.