JPMorgan Chase & Co. Cuts Adient (NYSE:ADNT) Price Target to $37.00

Adient (NYSE:ADNT) had its price target cut by JPMorgan Chase & Co. from $40.00 to $37.00 in a research note released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

ADNT has been the topic of a number of other research reports. Bank of America reduced their target price on Adient from $50.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on Adient from $41.00 to $40.00 and set an overweight rating on the stock in a report on Thursday, February 8th. Finally, Barclays reiterated an equal weight rating and set a $37.00 target price (down previously from $41.00) on shares of Adient in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient has an average rating of Hold and an average price target of $42.43.

Adient Stock Up 2.6 %

Shares of NYSE:ADNT opened at $29.68 on Monday. Adient has a 1 year low of $27.73 and a 1 year high of $46.51. The company has a market cap of $2.71 billion, a PE ratio of 13.25, a P/E/G ratio of 0.30 and a beta of 2.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91. The stock’s 50-day moving average is $32.49 and its 200 day moving average is $33.62.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Adient will post 2.57 EPS for the current year.

Insider Transactions at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Adient in the 3rd quarter valued at approximately $1,840,000. New York State Teachers Retirement System lifted its position in Adient by 7.5% in the 3rd quarter. New York State Teachers Retirement System now owns 112,763 shares of the company’s stock valued at $4,138,000 after acquiring an additional 7,899 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Adient by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock valued at $287,000 after acquiring an additional 368 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Adient by 9.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,891 shares of the company’s stock valued at $693,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Strs Ohio bought a new position in Adient in the 3rd quarter valued at approximately $1,148,000. 92.44% of the stock is 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.