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

by · The Markets Daily

Adient (NYSE:ADNT – Free Report) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a report released on Monday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on ADNT. Wells Fargo & Company boosted their price target on Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $33.00 in a report on Wednesday, April 15th. Stifel Nicolaus set a $28.00 price target on shares of Adient in a research report on Thursday, May 7th. Finally, Barclays increased their price objective 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. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.22.

View Our Latest Research Report on Adient

Adient Stock Performance

Shares of ADNT traded up $0.61 during midday trading on Monday, reaching $19.38. 13,535 shares of the stock were exchanged, compared to its average volume of 1,046,618. The business’s 50-day moving average price is $21.32 and its 200 day moving average price is $21.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. Adient has a twelve month low of $17.68 and a twelve month high of $27.32. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.37 and a beta of 1.53.

Adient (NYSE:ADNT – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Adient will post 2.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the sale, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently bought and sold shares of ADNT. Leonteq Securities AG purchased a new position in shares of Adient during the 4th quarter valued at approximately $30,000. Quarry LP raised its holdings in shares of Adient by 163.9% during the third quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after buying an additional 1,431 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after buying an additional 517 shares during the period. Raymond James Financial Inc. bought a new position in Adient in the 2nd quarter worth approximately $63,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Adient in the 4th quarter valued at approximately $64,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Company Profile

(Get Free Report)

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.

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