Adient (NYSE:ADNT) PT Lowered to $27.00

Adient (NYSE:ADNT) had its price target decreased by equities research analysts at Wells Fargo & Company from $29.00 to $27.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 19.10% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. UBS Group dropped their target price on Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley dropped their price objective on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. Finally, Bank of America reduced their price objective on Adient from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.63.

Adient Trading Up 0.4 %

NYSE:ADNT opened at $22.67 on Friday. The stock has a fifty day simple moving average of $22.67 and a 200 day simple moving average of $26.72. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.53 and a beta of 2.16. Adient has a 1-year low of $19.40 and a 1-year high of $37.36. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Adient will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Adient

A number of institutional investors have recently made changes to their positions in ADNT. CWM LLC increased its stake in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after acquiring an additional 443 shares during the period. Covestor Ltd boosted its position in shares of Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after acquiring an additional 2,210 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Adient in the first quarter valued at about $135,000. TFO Wealth Partners LLC raised its position in Adient by 41,090.9% in the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock worth $1,650,000 after purchasing an additional 4,520 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Adient during the first quarter worth about $159,000. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.