Adient (NYSE:ADNT) Stock Has Consensus Target Price of $26.30

Adient (NYSE:ADNT) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.30.

A number of equities research analysts recently commented on the company. BNP Paribas Exane upgraded Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Thursday, July 30th. Wells Fargo & Company boosted their target price on Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings cut Adient from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Morgan Stanley cut their price target on shares of Adient from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. upgraded shares of Adient from a “neutral” rating to an “overweight” rating and cut their price target for the company from $28.00 to $25.00 in a research report on Tuesday, September 15th.

Adient Price Performance

Shares of ADNT stock opened at $17.62 on Friday. The firm’s 50 day moving average price is $19.16 and its two-hundred day moving average price is $20.27. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. Adient has a 52-week low of $16.51 and a 52-week high of $27.32. The stock has a market cap of $1.36 billion, a PE ratio of 29.38, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). Adient had a net margin of 0.32% and a return on equity of 7.32%. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Adient will post 2.02 EPS for the current year.

Insider Buying and Selling

In other Adient news, Director Peter Carlin sold 7,843 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the sale, the director owned 38,835 shares of the company’s stock, valued at approximately $747,573.75. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Adient

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Adient during the 2nd quarter worth $27,000. Leonteq Securities AG acquired a new position in Adient in the fourth quarter valued at about $30,000. Parallel Advisors LLC grew its stake in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Adient in the second quarter worth about $94,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Adient by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock worth $152,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Adient

Adient plc (NYSE: ADNT) is a global supplier of automotive seating systems and components. The company develops and manufactures complete vehicle seating solutions, including seats, seat structures, mechanisms, foam, trim, fabrics, and related technologies designed for passenger vehicles and commercial vehicles.

Adient serves automakers and automotive manufacturers across major vehicle-producing regions, including North America, Europe and Asia. Its products are supplied for a broad range of vehicle platforms, from traditional passenger cars and trucks to sport utility vehicles and electric vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business and is headquartered in Dublin, Ireland, with operations and engineering capabilities located around the world.