Adient plc (NYSE:ADNT) Receives $21.88 Average PT from Brokerages

Adient plc (NYSE:ADNT) has earned a consensus rating of “Reduce” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.88.

Several analysts have recently issued reports on ADNT shares. JPMorgan Chase & Co. reduced their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. UBS Group increased their price target on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Barclays cut their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th.

Adient Stock Performance

NYSE ADNT opened at $16.56 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 828.15, a P/E/G ratio of 0.33 and a beta of 2.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The stock has a 50-day moving average of $17.80 and a two-hundred day moving average of $20.33. Adient has a 1-year low of $15.71 and a 1-year high of $35.94.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the business posted $0.31 earnings per share. As a group, analysts anticipate that Adient will post 1.89 EPS for the current year.

Insider Activity

In related news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % 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. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares during the period. R Squared Ltd acquired a new position in shares of Adient in the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its stake in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the period. Finally, Signaturefd LLC grew its position in Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Adient

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.