Adient (NYSE:ADNT) PT Lowered to $30.00

Adient (NYSE:ADNT) had its price target decreased by Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research note released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other analysts have also issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Adient from $38.00 to $33.00 and set an overweight rating on the stock in a research report on Monday. Bank of America decreased their price target on shares of Adient from $50.00 to $46.00 and set a buy rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Adient from $40.00 to $37.00 and set a neutral rating on the stock in a research note on Monday, April 22nd. Finally, Barclays reissued an equal weight rating and issued a $37.00 price target (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $39.63.

Adient Stock Up 1.1 %

ADNT stock opened at $28.88 on Monday. The firm has a market cap of $2.59 billion, a PE ratio of 17.72, a P/E/G ratio of 0.29 and a beta of 2.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The firm’s fifty day moving average is $31.37 and its 200 day moving average is $33.13. Adient has a one year low of $26.97 and a one year high of $46.51.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. On average, research analysts forecast that Adient will post 2.53 EPS for the current year.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Adient by 33.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,799 shares of the company’s stock valued at $377,000 after acquiring an additional 2,956 shares during the period. SageView Advisory Group LLC grew its holdings in Adient by 11.5% during the 1st quarter. SageView Advisory Group LLC now owns 40,673 shares of the company’s stock worth $1,339,000 after acquiring an additional 4,195 shares in the last quarter. Foundry Partners LLC grew its holdings in Adient by 11.8% during the 1st quarter. Foundry Partners LLC now owns 119,918 shares of the company’s stock worth $3,948,000 after acquiring an additional 12,676 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Adient by 17.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,122 shares of the company’s stock worth $1,057,000 after acquiring an additional 4,830 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in Adient by 46.2% during the 1st quarter. Entropy Technologies LP now owns 11,123 shares of the company’s stock worth $366,000 after acquiring an additional 3,515 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.