Adient (NYSE:ADNT) Receives $27.56 Average Target Price from Analysts

Shares of Adient (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.5556.

ADNT has been the topic of several research analyst reports. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley raised their price objective on Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Weiss Ratings raised Adient from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adient in a research note on Friday, April 17th. Finally, Barclays reduced their price objective on Adient from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th.

Adient Stock Performance

ADNT opened at $20.38 on Tuesday. The business’s fifty day moving average is $21.36 and its 200-day moving average is $21.34. The firm has a market cap of $1.60 billion, a P/E ratio of -5.63, a price-to-earnings-growth ratio of 0.49 and a beta of 1.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09. Adient has a 52-week low of $11.89 and a 52-week high of $27.32.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.Adient’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Sell-side analysts expect that Adient will post 2.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Several large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC raised its position in Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Adient by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock valued at $193,000 after purchasing an additional 866 shares during the last quarter. Corient Private Wealth LLC raised its position in Adient by 5.2% in the fourth quarter. Corient Private Wealth LLC now owns 18,117 shares of the company’s stock valued at $347,000 after purchasing an additional 899 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Adient by 1.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,947 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,065 shares during the last quarter. 92.44% of the stock is currently owned by 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.