Adient (NYSE:ADNT) PT Raised to $33.00 at Morgan Stanley

Adient (NYSE:ADNT) had its price objective increased by equities research analysts at Morgan Stanley from $26.00 to $33.00 in a research report issued on Wednesday, AnalystRatings.net reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 4.60% from the stock’s previous close.

Several other equities research analysts also recently weighed in on ADNT. Credit Suisse Group increased their price target on Adient from $29.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine downgraded Adient from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays increased their price objective on Adient from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Benchmark increased their price objective on Adient from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 11th. Finally, Bank of America cut Adient from a “buy” rating to an “underperform” rating in a research note on Tuesday, November 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.69.

Shares of NYSE ADNT opened at $34.59 on Wednesday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.88 and a current ratio of 1.17. The business’s 50 day moving average price is $25.82 and its 200-day moving average price is $19.76. Adient has a fifty-two week low of $5.90 and a fifty-two week high of $35.03. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -5.94, a PEG ratio of 0.36 and a beta of 3.30.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Sunday, November 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. Adient had a negative return on equity of 0.23% and a negative net margin of 4.32%. During the same period in the prior year, the business earned $0.63 EPS. Sell-side analysts predict that Adient will post 2.61 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC bought a new stake in Adient during the 2nd quarter valued at $40,000. Clear Harbor Asset Management LLC bought a new stake in Adient during the 3rd quarter valued at $42,000. Nisa Investment Advisors LLC boosted its position in Adient by 19.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,220 shares of the company’s stock valued at $69,000 after acquiring an additional 700 shares in the last quarter. JBF Capital Inc. bought a new stake in Adient during the 3rd quarter valued at $87,000. Finally, Point72 Hong Kong Ltd bought a new stake in Adient during the 2nd quarter valued at $108,000. 74.44% of the stock is currently owned by institutional investors and hedge funds.

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 offers seating systems, frames, mechanisms, foams, head restraints, armrests, trim covers, and fabrics. The company also produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trims, and other automotive interior products.

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Analyst Recommendations for Adient (NYSE:ADNT)

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