Adient (NYSE:ADNT) Given New $21.00 Price Target at JPMorgan Chase & Co.

Adient (NYSE:ADNT) had its price objective cut by JPMorgan Chase & Co. from $24.00 to $21.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 22.91% from the stock’s current price.

A number of other brokerages also recently commented on ADNT. Barclays lowered their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.38.

Adient Price Performance

Shares of ADNT stock opened at $17.09 on Monday. The stock has a 50 day moving average price of $18.10 and a 200 day moving average price of $20.71. Adient has a 52-week low of $16.28 and a 52-week high of $36.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The firm has a market capitalization of $1.45 billion, a P/E ratio of 74.29, a P/E/G ratio of 0.28 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. As a group, sell-side analysts predict that Adient will post 2.04 earnings per share for the current year.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was 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 owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADNT. Pacer Advisors Inc. raised its position in shares of Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after acquiring an additional 5,130,969 shares during the period. Pzena Investment Management LLC grew its position in shares of Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after acquiring an additional 877,142 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after purchasing an additional 442,200 shares in the last quarter. Empowered Funds LLC acquired a new position in Adient in the 3rd quarter worth about $6,653,000. Finally, Public Sector Pension Investment Board purchased a new position in Adient during the third quarter worth approximately $4,175,000. 92.44% of the stock is currently 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.