Adient plc (NYSE:ADNT) Receives $23.50 Average PT from Analysts

Adient plc (NYSE:ADNT) has been assigned an average recommendation of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $23.50.

Several equities research analysts recently commented on ADNT shares. Bank of America cut Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. Morgan Stanley dropped their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Adient Trading Down 2.1 %

Shares of NYSE ADNT opened at $16.66 on Wednesday. The company has a market cap of $1.41 billion, a PE ratio of 72.43, a P/E/G ratio of 0.32 and a beta of 2.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The firm’s 50 day moving average price is $18.73 and its 200-day moving average price is $21.22. Adient has a 52-week low of $16.28 and a 52-week high of $36.04.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, equities research analysts expect that Adient will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd lifted its position in shares of Adient by 23.2% during the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after buying an additional 1,032 shares in the last quarter. KBC Group NV raised its stake in Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after acquiring an additional 1,136 shares during the period. US Bancorp DE lifted its holdings in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Adient by 8.4% in the third quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock worth $473,000 after purchasing an additional 1,633 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after purchasing an additional 1,822 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.