Brokerages Set Adient plc (NYSE:ADNT) Price Target at $21.88

Shares of Adient plc (NYSE:ADNT) have earned an average recommendation of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.88.

ADNT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. UBS Group boosted their price objective on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $24.00 to $18.00 in a research report on Tuesday. Finally, StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research report on Wednesday.

Adient Stock Performance

ADNT opened at $14.95 on Thursday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 747.25, a PEG ratio of 0.34 and a beta of 2.27. The company has a fifty day moving average of $17.02 and a 200 day moving average of $19.42. Adient has a fifty-two week low of $13.64 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, sell-side analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adient

Several large investors have recently made changes to their positions in ADNT. Point72 Hong Kong Ltd acquired a new position in Adient during the fourth quarter worth $25,000. Versant Capital Management Inc grew its holdings in shares of Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares during the period. R Squared Ltd purchased a new stake in shares of Adient in the fourth quarter valued at about $32,000. IFP Advisors Inc grew its holdings in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after purchasing an additional 2,285 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Adient by 583.8% in 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 during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.