Adient (NYSE:ADNT) Stock Gets Price Target Cut from Stifel Nicolaus

Adient (NYSE:ADNT) had its price target reduced by Stifel Nicolaus from $26.00 to $21.00 in a research report released on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. BNP Paribas Exane upgraded Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Thursday, July 30th. Barclays lowered their target price on shares of Adient from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, October 9th. Morgan Stanley dropped their target price on shares of Adient from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Zacks Research raised shares of Adient from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. upgraded shares of Adient from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $28.00 to $25.00 in a research report on Tuesday, September 15th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.90.

Adient Price Performance

NYSE:ADNT opened at $17.07 on Monday. The stock has a 50 day moving average of $18.39 and a two-hundred day moving average of $20.00. Adient has a 12 month low of $16.51 and a 12 month high of $27.32. The firm has a market cap of $1.32 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, analysts expect that Adient will post 1.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Carlin sold 7,843 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the transaction, the director directly owned 38,835 shares in the company, valued at $747,573.75. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adient

A number of large investors have recently made changes to their positions in ADNT. Parallel Advisors LLC grew its holdings in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares during the period. PNC Financial Services Group Inc. raised its stake in Adient by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock worth $152,000 after purchasing an additional 705 shares during the period. Corient Private Wealth LLC raised its stake in Adient by 5.2% during the fourth quarter. Corient Private Wealth LLC now owns 18,117 shares of the company’s stock worth $347,000 after purchasing an additional 899 shares during the period. Farther Finance Advisors LLC raised its stake in Adient by 126.4% during the third quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company’s stock worth $31,000 after purchasing an additional 1,026 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in Adient by 5.7% in the 2nd quarter. Corient Private Wealth LP now owns 19,371 shares of the company’s stock valued at $356,000 after purchasing an additional 1,038 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Company Profile

Adient plc (NYSE: ADNT) is a global automotive supplier specializing in the design, development and manufacture of vehicle seating systems. The company supplies complete seating assemblies as well as components such as seat structures, mechanisms, foam, fabrics, leather and other trim materials.

Adient works with automakers and other automotive customers to provide seating solutions for passenger cars, trucks, sport utility vehicles and commercial vehicles. Its offerings are designed to support vehicle comfort, safety, styling, weight reduction and manufacturing efficiency, with products developed for both traditional and electrified vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business.