Stifel Nicolaus Cuts Adient (NYSE:ADNT) Price Target to $26.00

Adient (NYSE:ADNT) had its price objective trimmed by Stifel Nicolaus from $28.00 to $26.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. UBS Group boosted their price target on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Adient from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Wells Fargo & Company lifted their target price on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. reduced their target price on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.11.

Adient Trading Up 3.8%

NYSE ADNT opened at $20.68 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $20.84 and a 200 day simple moving average of $21.57. Adient has a 12 month low of $17.68 and a 12 month high of $27.32. The firm has a market capitalization of $1.62 billion, a P/E ratio of 29.13, a PEG ratio of 0.38 and a beta of 1.53.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts predict that Adient will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Royal Bank of Canada increased its stake in shares of Adient by 11.6% during the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock worth $289,000 after purchasing an additional 2,331 shares during the last quarter. AQR Capital Management LLC lifted its stake in Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after purchasing an additional 150,792 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Adient in the first quarter valued at approximately $236,000. First Trust Advisors LP grew its holdings in Adient by 6.8% during the second quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after purchasing an additional 17,400 shares during the period. Finally, Amundi bought a new position in Adient during the second quarter valued at $269,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

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.