Barclays Trims Adient (NYSE:ADNT) Target Price to $34.00

Adient (NYSE:ADNT) had its price target lowered by Barclays from $37.00 to $34.00 in a research note released on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Bank of America reduced their target price on shares of Adient from $50.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, April 10th. Wells Fargo & Company reduced their price objective on Adient from $38.00 to $33.00 and set an overweight rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on Adient from $32.00 to $30.00 and set a hold rating for the company in a research note on Monday. Finally, 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. Two equities research analysts have 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, the stock has a consensus rating of Hold and an average target price of $39.63.

Adient Trading Down 1.4 %

ADNT stock opened at $27.74 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.29 and a beta of 2.39. The business has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $33.19. Adient has a 52 week low of $26.97 and a 52 week high of $46.51.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. The company had revenue of $3.75 billion during 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%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that Adient will post 2.53 EPS for the current year.

Insider Buying and Selling at Adient

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

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System boosted its position in Adient by 7.5% during the 3rd quarter. New York State Teachers Retirement System now owns 112,763 shares of the company’s stock worth $4,138,000 after acquiring an additional 7,899 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Adient by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock worth $287,000 after purchasing an additional 368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Adient by 9.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,891 shares of the company’s stock valued at $693,000 after buying an additional 1,684 shares in the last quarter. Strs Ohio acquired a new position in Adient during the 3rd quarter valued at about $1,148,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Adient by 1.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock valued at $1,562,000 after buying an additional 571 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.