Adient (NYSE:ADNT) Given New $29.00 Price Target at Deutsche Bank Aktiengesellschaft

Adient (NYSE:ADNT) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 54.68% from the stock’s current price.

ADNT has been the subject of several other reports. Wells Fargo & Company increased their target price on Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings raised Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Barclays lifted their target price on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $33.00 in a report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.22.

Adient Stock Down 0.1%

Shares of ADNT opened at $18.75 on Monday. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 0.37 and a beta of 1.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a fifty day moving average of $21.37 and a 200-day moving average of $21.54.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.Adient’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, sell-side analysts anticipate that Adient will post 2.1 earnings per share for the current fiscal year.

Insider Activity at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the sale, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Adient

A number of hedge funds and other institutional investors have recently made changes to their positions in ADNT. Parallel Advisors LLC boosted its holdings in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Adient by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock worth $152,000 after purchasing an additional 705 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Adient by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after purchasing an additional 764 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Adient by 9.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock worth $193,000 after purchasing an additional 866 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Adient by 5.2% in the 4th quarter. Corient Private Wealth LLC now owns 18,117 shares of the company’s stock worth $347,000 after purchasing an additional 899 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.