Adient (NYSE:ADNT) Price Target Cut to $24.00 by Analysts at Stifel Nicolaus

Adient (NYSE:ADNT) had its price target lowered by Stifel Nicolaus from $29.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

ADNT has been the subject of several other reports. Zacks Research cut Adient from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wells Fargo & Company upgraded Adient from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $24.00 to $31.00 in a research report on Thursday, September 25th. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a report on Wednesday, October 8th. Cfra Research raised shares of Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Adient from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $22.00.

Adient Stock Performance

Adient stock opened at $18.95 on Thursday. The firm has a fifty day simple moving average of $23.88 and a two-hundred day simple moving average of $20.67. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. Adient has a twelve month low of $10.04 and a twelve month high of $26.16. The company has a market capitalization of $1.54 billion, a PE ratio of -5.67, a P/E/G ratio of 0.68 and a beta of 1.87.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. Research analysts expect that Adient will post 1.76 EPS for the current year.

Institutional Trading of Adient

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. Greenwich Wealth Management LLC boosted its holdings in Adient by 1.3% in the second quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after acquiring an additional 435 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of 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. Covestor Ltd boosted its stake in shares of Adient by 15.2% during the 1st quarter. Covestor Ltd now owns 6,984 shares of the company’s stock valued at $90,000 after purchasing an additional 922 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Adient by 3.1% during the 2nd quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock valued at $727,000 after purchasing an additional 1,114 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of Adient by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company’s stock valued at $670,000 after buying an additional 1,204 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Adient

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.