Deutsche Bank Aktiengesellschaft Lowers Adient (NYSE:ADNT) Price Target to $29.00

Adient (NYSE:ADNT) had its price target dropped by stock analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 54.68% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Barclays lifted their price objective on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $28.00 target price on shares of Adient in a research report on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. dropped their price target on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group boosted their price target on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.22.

Adient Stock Performance

Shares of NYSE ADNT opened at $18.75 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 0.37 and a beta of 1.53. The stock’s fifty day moving average price is $21.37 and its two-hundred day moving average price is $21.54. Adient has a one year low of $17.68 and a one year high of $27.32.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. On average, equities analysts forecast that Adient will post 2.1 EPS for the current year.

Insider Transactions at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the sale, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.94% of the stock is owned by insiders.

Institutional Trading of Adient

Several large investors have recently made changes to their positions in ADNT. Arrowstreet Capital Limited Partnership raised its holdings in shares of Adient by 61.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after buying an additional 718,538 shares in the last quarter. SG Americas Securities LLC boosted its stake in Adient by 117.8% in the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after buying an additional 494,054 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Adient by 311.5% in the fourth quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock valued at $12,195,000 after buying an additional 481,538 shares in the last quarter. Invesco Ltd. grew its position in Adient by 38.6% in the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after acquiring an additional 445,343 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Adient by 143.3% in the second quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock valued at $11,276,000 after acquiring an additional 342,329 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.