Adient (NYSE:ADNT) Price Target Lowered to $33.00 at Wells Fargo & Company

Adient (NYSE:ADNT) had its target price dropped by analysts at Wells Fargo & Company from $38.00 to $33.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 18.96% from the stock’s current price.

ADNT has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their price target on Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Bank of America reduced their price target on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, Barclays reiterated an “equal weight” rating and issued a $37.00 price target (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.63.

Adient Price Performance

Adient stock opened at $27.74 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. Adient has a 52 week low of $26.97 and a 52 week high of $46.51. The stock 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 stock has a fifty day moving average of $31.57 and a 200-day moving average of $33.19.

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

Insider Transactions at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Adient during the third quarter valued at about $46,000. Partnership Wealth Management LLC purchased a new position in shares of Adient in the fourth quarter worth about $83,000. AM Squared Ltd purchased a new position in shares of Adient in the third quarter worth about $106,000. TFO Wealth Partners LLC increased its holdings in shares of Adient by 41,090.9% in the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock worth $1,650,000 after buying an additional 4,520 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Adient in the third quarter worth about $205,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.