Adient (NYSE:ADNT) Given New $13.00 Price Target at Barclays

Adient (NYSE:ADNT) had its price target reduced by analysts at Barclays from $21.00 to $13.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 18.83% from the company’s previous close.

A number of other brokerages have also recently issued reports on ADNT. JPMorgan Chase & Co. cut their target price on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, UBS Group cut their price target on Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Adient has an average rating of “Hold” and an average target price of $19.00.

Adient Stock Up 5.2 %

ADNT stock opened at $10.94 on Tuesday. Adient has a twelve month low of $10.04 and a twelve month high of $31.19. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company has a market cap of $918.23 million, a PE ratio of 547.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. The business’s 50-day simple moving average is $14.44 and its 200 day simple moving average is $17.54.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $0.31 earnings per share. On average, research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pzena Investment Management LLC increased its holdings in Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after purchasing an additional 803,961 shares during the last quarter. State Street Corp raised its position in shares of Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after acquiring an additional 158,017 shares during the period. Invesco Ltd. boosted its stake in Adient by 22.0% during the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock worth $24,364,000 after acquiring an additional 254,951 shares during the last quarter. Northern Trust Corp increased its stake in Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after purchasing an additional 72,077 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Adient by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company’s stock valued at $18,803,000 after buying an additional 127,826 shares during the period. 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.