Analysts Set Adient (NYSE:ADNT) PT at $27.67

Adient (NYSE:ADNT) has been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.6667.

A number of research firms have recently commented on ADNT. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a report on Wednesday, January 21st. Stifel Nicolaus increased their price objective on shares of Adient from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company boosted their price target on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Morgan Stanley raised their price objective on shares of Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Bank of America started coverage on Adient in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price for the company.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently made changes to their positions in ADNT. Hantz Financial Services Inc. increased its stake in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after purchasing an additional 439 shares in the last quarter. Leonteq Securities AG acquired a new position in Adient in the 4th quarter worth approximately $30,000. Quarry LP raised its stake in Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Adient in the second quarter valued at $63,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Adient during the fourth quarter valued at $64,000. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Performance

NYSE ADNT opened at $19.78 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -5.46, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $27.32. The business has a fifty day moving average of $22.87 and a 200-day moving average of $22.26.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.16. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the business earned $0.27 earnings per share. Adient’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.