Adient (NYSE:ADNT) had its price target raised by Morgan Stanley from $13.00 to $17.00 in a research note released on Thursday, AnalystRatings.com reports. They currently have an underweight rating on the stock.
A number of other equities research analysts have also weighed in on ADNT. ValuEngine lowered shares of Adient from a strong-buy rating to a buy rating in a report on Friday, November 1st. Barclays reduced their target price on shares of Adient from $29.00 to $28.00 and set an overweight rating on the stock in a report on Wednesday, October 2nd. UBS Group lowered shares of Adient from a buy rating to a neutral rating and reduced their target price for the stock from $30.00 to $27.00 in a report on Thursday, September 12th. Bank of America lowered shares of Adient from a buy rating to a neutral rating and set a $28.00 target price on the stock. in a report on Friday, September 13th. Finally, Wolfe Research initiated coverage on shares of Adient in a report on Tuesday, October 8th. They set a market perform rating and a $21.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $21.93.
Shares of Adient stock traded up $1.24 during midday trading on Thursday, hitting $21.46. 786,135 shares of the company traded hands, compared to its average volume of 1,942,427. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.17 and a beta of 3.22. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.87 and a current ratio of 1.07. The firm’s fifty day moving average price is $22.16 and its 200-day moving average price is $21.87. Adient has a 12 month low of $12.15 and a 12 month high of $26.40.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Adient by 26.7% in the 2nd quarter. BlackRock Inc. now owns 10,228,254 shares of the company’s stock worth $248,239,000 after purchasing an additional 2,153,155 shares during the period. Lyrical Asset Management LP lifted its position in shares of Adient by 5.1% in the 2nd quarter. Lyrical Asset Management LP now owns 4,763,487 shares of the company’s stock worth $115,610,000 after purchasing an additional 231,369 shares during the period. Vanguard Group Inc. lifted its position in shares of Adient by 35.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,510,946 shares of the company’s stock worth $60,942,000 after purchasing an additional 652,917 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Adient in the 2nd quarter worth approximately $55,463,000. Finally, Towle & Co. lifted its position in shares of Adient by 12.3% in the 2nd quarter. Towle & Co. now owns 1,867,881 shares of the company’s stock worth $45,333,000 after purchasing an additional 204,133 shares during the period. Hedge funds and other institutional investors own 97.90% of the company’s stock.
Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
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