Adient (NYSE:ADNT) Price Target Raised to $26.00

by · The Markets Daily

Adient (NYSE:ADNT – Free Report) had its price target hoisted by Stifel Nicolaus from $24.00 to $26.00 in a research note issued to investors on Friday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the stock.

ADNT has been the subject of a number of other reports. Wall Street Zen downgraded shares of Adient from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. cut their target price on Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research report on Wednesday. Barclays lifted their price target on Adient from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Morgan Stanley raised Adient from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $20.00 in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.56.

View Our Latest Stock Analysis on ADNT

Adient Trading Down 1.2%

Shares of Adient stock opened at $21.59 on Friday. The stock has a fifty day simple moving average of $19.77 and a 200 day simple moving average of $22.05. Adient has a 12-month low of $10.04 and a 12-month high of $26.16. The company has a market capitalization of $1.69 billion, a P/E ratio of -6.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16.

Adient (NYSE:ADNT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the business posted $0.68 earnings per share. Adient’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the sale, the executive vice president directly owned 116,425 shares of the company’s stock, valued at $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Adient by 11.6% in the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after acquiring an additional 2,331 shares during the period. AQR Capital Management LLC increased its stake in shares of Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after purchasing an additional 150,792 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Adient in the first quarter worth about $236,000. Parallel Advisors LLC raised its position in shares of Adient by 13,957.9% in the second quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock valued at $52,000 after purchasing an additional 2,652 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Adient during the 2nd quarter valued at approximately $661,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Adient

(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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