Adient (NYSE:ADNT) Price Target Lowered to $41.00 at Bank of America

Adient (NYSE:ADNTGet Rating) had its price objective cut by Bank of America from $48.00 to $41.00 in a research report sent to investors on Friday morning, The Fly reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on ADNT. Wells Fargo & Company lifted their price target on shares of Adient from $41.00 to $45.00 and gave the stock an overweight rating in a research note on Monday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Adient from $40.00 to $42.00 in a research note on Monday, August 8th. Morgan Stanley dropped their price target on shares of Adient from $31.00 to $27.00 and set an underweight rating for the company in a research note on Thursday, July 14th. Finally, Credit Suisse Group dropped their price target on shares of Adient from $55.00 to $50.00 and set an outperform rating for the company in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Adient presently has an average rating of Hold and an average price target of $39.14.

Adient Trading Up 4.2 %

NYSE ADNT opened at $34.20 on Friday. The company’s fifty day simple moving average is $32.77 and its 200-day simple moving average is $34.20. Adient has a 52 week low of $27.15 and a 52 week high of $50.96. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 1.10. The stock has a market cap of $3.24 billion, a P/E ratio of 4.13, a PEG ratio of 7.55 and a beta of 2.68.

Adient (NYSE:ADNTGet Rating) last posted its earnings results on Friday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a net margin of 6.00% and a negative return on equity of 2.41%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) earnings per share. Equities research analysts predict that Adient will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Several institutional investors have recently modified their holdings of the company. Captrust Financial Advisors grew its position in shares of Adient by 2.6% during the second quarter. Captrust Financial Advisors now owns 31,539 shares of the company’s stock worth $935,000 after acquiring an additional 811 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Adient during the second quarter worth about $2,364,000. First Republic Investment Management Inc. grew its position in shares of Adient by 2.5% during the second quarter. First Republic Investment Management Inc. now owns 32,165 shares of the company’s stock worth $953,000 after acquiring an additional 777 shares during the last quarter. Castleview Partners LLC bought a new position in shares of Adient during the second quarter worth about $85,000. Finally, United Services Automobile Association bought a new position in shares of Adient during the second quarter worth about $300,000. Institutional investors own 97.56% 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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