Adient (NYSE:ADNT) PT Lowered to $30.00

Adient (NYSE:ADNT) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research report sent to investors on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities research analysts also recently issued reports on ADNT. Wells Fargo & Company dropped their price objective on Adient from $38.00 to $33.00 and set an overweight rating on the stock in a report on Monday. Bank of America dropped their price objective on Adient from $50.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on Adient from $40.00 to $37.00 and set a neutral rating on the stock in a report on Monday, April 22nd. Finally, Barclays reiterated an equal weight rating and issued a $37.00 target price (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $39.63.

Adient Stock Performance

Shares of NYSE:ADNT opened at $28.88 on Monday. The company has a market cap of $2.59 billion, a P/E ratio of 17.72, a PEG ratio of 0.29 and a beta of 2.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. Adient has a one year low of $26.97 and a one year high of $46.51. The business’s 50-day simple moving average is $31.37 and its 200 day simple moving average is $33.13.

Adient (NYSE:ADNT) last announced its earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the business posted $0.32 EPS. The company’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Adient will post 2.53 earnings per share for the current fiscal year.

Insider Activity at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the transaction, the executive vice president now owns 55,669 shares in the company, valued at approximately $1,874,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Adient in the 3rd quarter worth $46,000. Partnership Wealth Management LLC acquired a new position in shares of Adient in the 4th quarter valued at $83,000. AM Squared Ltd acquired a new position in shares of Adient in the 3rd quarter valued at $106,000. Dark Forest Capital Management LP purchased a new position in Adient in the 3rd quarter worth about $205,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in Adient during the 4th quarter worth about $207,000. 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.