Brokerages Set Adient plc (NYSE:ADNT) Price Target at $42.43

Shares of Adient plc (NYSE:ADNT) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.43.

Several analysts recently issued reports on ADNT shares. Barclays reaffirmed an “equal weight” rating and issued a $37.00 price target (down from $41.00) on shares of Adient in a report on Wednesday, April 10th. Bank of America decreased their price target on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their price objective on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. reduced their target price on Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd.

Insider Activity at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction 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 $1,874,931.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of large investors have recently modified their holdings of the company. Pzena Investment Management LLC boosted its position in Adient by 8.9% during the 1st quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company’s stock worth $65,147,000 after acquiring an additional 161,579 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Adient during the first quarter valued at about $335,000. Capstone Investment Advisors LLC acquired a new stake in Adient in the first quarter worth about $406,000. BNP Paribas Financial Markets grew its position in Adient by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 132,765 shares of the company’s stock valued at $4,371,000 after buying an additional 54,311 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Adient by 171.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,228 shares of the company’s stock valued at $732,000 after buying an additional 14,033 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Trading Down 9.3 %

ADNT opened at $27.41 on Friday. The firm’s 50 day moving average is $31.82 and its 200-day moving average is $33.28. Adient has a 52-week low of $26.97 and a 52-week high of $46.51. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.50 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.29 and a beta of 2.39.

Adient (NYSE:ADNT) last announced its earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. Adient had a return on equity of 7.90% and a net margin of 1.39%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts expect that Adient will post 2.53 EPS for the current fiscal year.

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.