Analysts Set Adient (NYSE:ADNT) Target Price at $28.33

Shares of Adient (NYSE:ADNT) have earned an average rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.3333.

A number of research firms have commented on ADNT. Wells Fargo & Company lifted their price objective on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their price target on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Adient from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Barclays increased their price objective on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th.

Insider Activity at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Leonteq Securities AG bought a new position in Adient during the 4th quarter worth $30,000. Quarry LP lifted its stake in Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Adient during the second quarter valued at $63,000. Parallel Advisors LLC boosted its holdings in shares of Adient by 19.4% during 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. Finally, Los Angeles Capital Management LLC bought a new position in shares of Adient during the fourth quarter worth about $64,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Trading Down 3.9%

Shares of NYSE ADNT opened at $19.80 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $20.96 and its two-hundred day moving average price is $21.54. Adient has a 52-week low of $17.68 and a 52-week high of $27.32. The stock has a market capitalization of $1.55 billion, a P/E ratio of 27.89, a PEG ratio of 0.38 and a beta of 1.53.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, analysts anticipate that Adient will post 2.13 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.