Deutsche Bank Aktiengesellschaft Lowers Adient (NYSE:ADNT) Price Target to $41.00

Adient (NYSE:ADNTGet Rating) had its price objective dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $59.00 to $41.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 11.59% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Adient from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, April 1st. BNP Paribas assumed coverage on shares of Adient in a report on Monday, April 11th. They issued a “neutral” rating and a $32.00 price objective for the company. Zacks Investment Research cut shares of Adient from a “hold” rating to a “strong sell” rating and set a $29.00 price objective for the company. in a report on Tuesday, April 12th. Morgan Stanley dropped their target price on shares of Adient from $38.00 to $36.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 6th. Finally, StockNews.com lowered shares of Adient from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Adient presently has a consensus rating of “Hold” and a consensus price target of $43.40.

Shares of Adient stock opened at $36.74 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.36 and a quick ratio of 1.11. The firm has a fifty day moving average price of $38.97 and a 200 day moving average price of $43.12. Adient has a 1 year low of $30.53 and a 1 year high of $53.17. The stock has a market cap of $3.48 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 0.95 and a beta of 2.91.

Adient (NYSE:ADNTGet Rating) last issued its earnings results on Friday, February 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.46). Adient had a return on equity of 0.04% and a net margin of 6.79%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $1.71 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities analysts expect that Adient will post 1 EPS for the current year.

A number of large investors have recently bought and sold shares of ADNT. BlackRock Inc. raised its stake in shares of Adient by 1.5% in the 4th quarter. BlackRock Inc. now owns 10,580,179 shares of the company’s stock valued at $506,579,000 after acquiring an additional 151,676 shares during the period. Capital World Investors raised its stake in shares of Adient by 46.8% in the 4th quarter. Capital World Investors now owns 8,955,281 shares of the company’s stock valued at $428,779,000 after acquiring an additional 2,856,434 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Adient by 10.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,349,990 shares of the company’s stock valued at $138,857,000 after acquiring an additional 303,320 shares during the period. State Street Corp raised its stake in shares of Adient by 1.8% in the 4th quarter. State Street Corp now owns 2,885,110 shares of the company’s stock valued at $138,139,000 after acquiring an additional 49,943 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Adient by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,877,370 shares of the company’s stock valued at $119,274,000 after acquiring an additional 87,494 shares during the period. Institutional investors own 90.01% of the company’s stock.

Adient Company Profile (Get Rating)

Adient plc designs, develops, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's seating solutions include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, including North America and South America; Europe, Middle East, and Africa; and Asia Pacific.

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