Adient (NYSE:ADNT) Stock Has Average Target Price of $26.30

Adient (NYSE:ADNT) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.30.

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. BNP Paribas Exane raised Adient from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Thursday, July 30th. Citigroup reduced their target price on Adient from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Zacks Research upgraded Adient from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 16th. Finally, Morgan Stanley dropped their price target on Adient from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th.

Insider Buying and Selling

In other news, Director Peter Carlin sold 7,843 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the transaction, the director directly owned 38,835 shares in the company, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Adient

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Adient by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock valued at $88,614,000 after acquiring an additional 211,843 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adient by 17.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock valued at $46,349,000 after purchasing an additional 336,306 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in shares of Adient by 5.3% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 1,576,385 shares of the company’s stock valued at $30,219,000 after purchasing an additional 79,549 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Adient by 117.8% in the 1st quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after purchasing an additional 494,054 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Adient by 61.7% in the 1st quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock valued at $16,017,000 after purchasing an additional 302,538 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Performance

Shares of NYSE:ADNT opened at $16.97 on Friday. Adient has a 12-month low of $16.77 and a 12-month high of $27.32. The company’s 50 day moving average price is $19.44 and its two-hundred day moving average price is $20.39. The firm has a market cap of $1.31 billion, a PE ratio of 28.28, a PEG ratio of 0.37 and a beta of 1.52. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts predict that Adient will post 2.02 earnings per share for the current year.

Adient Company Profile

Adient plc (NYSE: ADNT) is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.

The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.

Adient became an independent public company in 2016 after being separated from Johnson Controls’ automotive seating business.