Analysts Set Adient plc (NYSE:ADNT) Target Price at $23.50

Shares of Adient plc (NYSE:ADNT) have received an average rating of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.50.

A number of equities analysts recently commented on the stock. Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Finally, Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th.

Insiders Place Their Bets

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ADNT. US Bancorp DE lifted its holdings in shares of Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares during the last quarter. Versant Capital Management Inc increased its position in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after buying an additional 1,857 shares in the last quarter. Signaturefd LLC raised its stake in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares during the last quarter. KBC Group NV boosted its holdings in Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after acquiring an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Shares of NYSE:ADNT opened at $16.66 on Wednesday. The company’s fifty day moving average price is $18.73 and its 200-day moving average price is $21.22. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 72.43, a PEG ratio of 0.32 and a beta of 2.16. Adient has a one year low of $16.28 and a one year high of $36.04.

Adient (NYSE:ADNT) last released its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Adient will post 2.04 earnings per share for the current fiscal year.

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.