Adient (NYSE:ADNT) Given New $30.00 Price Target at Deutsche Bank Aktiengesellschaft

Adient (NYSE:ADNT) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.15% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Bank of America reduced their price objective on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays restated an “equal weight” rating and issued a $37.00 price objective (down previously from $41.00) on shares of Adient in a research note on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Wells Fargo & Company cut their price target on Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.63.

Adient Trading Down 1.4 %

Shares of Adient stock opened at $27.74 on Monday. The stock has a fifty day simple moving average of $31.57 and a 200 day simple moving average of $33.19. Adient has a 12-month low of $26.97 and a 12-month high of $46.51. The company has a market capitalization of $2.53 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.29 and a beta of 2.39. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. Adient’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts anticipate that Adient will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the sale, the executive vice president now owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adient

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Adient during the 3rd quarter worth approximately $46,000. Partnership Wealth Management LLC bought a new stake in shares of Adient in the 4th quarter worth approximately $83,000. AM Squared Ltd bought a new stake in shares of Adient in the 3rd quarter worth approximately $106,000. Dark Forest Capital Management LP bought a new stake in shares of Adient in the 3rd quarter worth approximately $205,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Adient in the 4th quarter worth approximately $207,000. 92.44% of the stock is currently owned by institutional investors.

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.