Adient (NYSE:ADNT) Price Target Raised to $28.00

Adient (NYSE:ADNT) had its target price hoisted by JPMorgan Chase & Co. from $26.00 to $28.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. BNP Paribas Exane raised Adient from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Thursday, July 30th. UBS Group dropped their target price on Adient from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $28.00 price target on shares of Adient in a research note on Thursday, August 6th. Wall Street Zen cut shares of Adient from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Adient has an average rating of “Hold” and an average price target of $26.70.

Adient Stock Down 2.4%

Shares of NYSE ADNT opened at $18.68 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $20.34 and its two-hundred day moving average is $21.49. Adient has a 52-week low of $17.68 and a 52-week high of $27.32. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 0.38 and a beta of 1.52.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). Adient had a return on equity of 7.32% and a net margin of 0.32%.The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts predict that Adient will post 2.04 EPS for the current year.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the company’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 transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Institutional investors have recently added to or reduced their stakes in the business. Leonteq Securities AG purchased a new position in Adient in the fourth quarter valued at approximately $30,000. Quarry LP grew its stake in Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Adient during the second quarter worth approximately $63,000. Parallel Advisors LLC increased its position in 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. Finally, Los Angeles Capital Management LLC purchased a new stake in Adient in the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.