Adient (NYSE:ADNT) Receives $28.00 Consensus Price Target from Brokerages

Adient (NYSE:ADNT) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $31.00 target price on shares of Adient in a report on Thursday, May 7th. Bank of America initiated coverage on shares of Adient in a report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price on the stock. Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd.

Adient Price Performance

Shares of ADNT stock opened at $22.86 on Friday. Adient has a 52-week low of $14.89 and a 52-week high of $27.32. The stock has a market cap of $1.79 billion, a PE ratio of 32.20, a PEG ratio of 0.46 and a beta of 1.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The firm’s 50 day moving average price is $21.21 and its two-hundred day moving average price is $21.23.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that Adient will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted 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 during the period. Parallel Advisors LLC boosted its stake in Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after purchasing an additional 517 shares during the period. PNC Financial Services Group Inc. boosted its stake in Adient by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock worth $152,000 after purchasing an additional 705 shares during the period. GAMMA Investing LLC boosted its stake in Adient by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after purchasing an additional 764 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Adient by 9.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock worth $193,000 after purchasing an additional 866 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.