Adient (NYSE:ADNT) Given New $37.00 Price Target at JPMorgan Chase & Co.

Adient (NYSE:ADNT) had its price objective lowered by JPMorgan Chase & Co. from $40.00 to $37.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also commented on ADNT. Bank of America reduced their target price on shares of Adient from $50.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, April 10th. Barclays reaffirmed 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. Finally, Wells Fargo & Company reduced their target price on shares of Adient from $41.00 to $40.00 and set an overweight rating on the stock in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $42.43.

Adient Stock Performance

NYSE ADNT opened at $28.99 on Monday. The company’s 50 day simple moving average is $32.77 and its two-hundred day simple moving average is $33.74. The stock has a market capitalization of $2.65 billion, a PE ratio of 12.94, a P/E/G ratio of 0.30 and a beta of 2.51. Adient has a 1 year low of $27.73 and a 1 year high of $46.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91.

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

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now 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 available through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently modified their holdings of ADNT. Norges Bank purchased a new stake in shares of Adient in the 4th quarter worth about $18,040,000. HITE Hedge Asset Management LLC lifted its position in Adient by 158.4% during the 4th quarter. HITE Hedge Asset Management LLC now owns 555,590 shares of the company’s stock valued at $20,201,000 after acquiring an additional 340,618 shares during the period. AQR Capital Management LLC lifted its position in Adient by 407.3% during the 3rd quarter. AQR Capital Management LLC now owns 387,662 shares of the company’s stock valued at $14,227,000 after acquiring an additional 311,245 shares during the period. Pzena Investment Management LLC lifted its position in Adient by 25.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,546,927 shares of the company’s stock valued at $56,772,000 after acquiring an additional 309,359 shares during the period. Finally, Vanguard Group Inc. lifted its position in Adient by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,486,307 shares of the company’s stock valued at $91,247,000 after acquiring an additional 271,786 shares during the period. 92.44% of the stock is owned by hedge funds and other 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.