Adient plc (NYSE:ADNT) Receives $42.43 Consensus Target Price from Analysts

Shares of Adient plc (NYSE:ADNT) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $39.63.

ADNT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday. Bank of America dropped their price objective on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday. Barclays decreased their target price on shares of Adient from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

Insider Activity

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently made changes to their positions in ADNT. SummerHaven Investment Management LLC boosted its position in shares of Adient by 1.8% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company’s stock worth $630,000 after purchasing an additional 310 shares during the period. Verdence Capital Advisors LLC boosted its position in Adient by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock valued at $287,000 after buying an additional 368 shares during the period. ProShare Advisors LLC increased its position in shares of Adient by 2.0% during the first quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock worth $688,000 after acquiring an additional 417 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Adient by 1.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock valued at $1,562,000 after acquiring an additional 571 shares in the last quarter. Finally, Watershed Asset Management L.L.C. grew its stake in Adient by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company’s stock worth $284,000 after purchasing an additional 595 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Up 1.1 %

Shares of ADNT stock opened at $28.88 on Friday. Adient has a twelve month low of $26.97 and a twelve month high of $46.51. The stock has a market cap of $2.59 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.29 and a beta of 2.39. The stock has a 50 day moving average of $31.37 and a 200 day moving average of $33.13. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00.

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