Adient (NYSE:ADNT) Given New $17.00 Price Target at Wells Fargo & Company

Adient (NYSE:ADNT) had its price target upped by Wells Fargo & Company from $14.00 to $17.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. JPMorgan Chase & Co. decreased their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. UBS Group lifted their target price on shares of Adient from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, Citigroup assumed coverage on shares of Adient in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.22.

Adient Stock Performance

ADNT opened at $15.53 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average price is $12.94 and its two-hundred day moving average price is $16.08. Adient has a 1-year low of $10.04 and a 1-year high of $29.28. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 776.50, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Adient by 127.0% during the third quarter. Barclays PLC now owns 208,239 shares of the company’s stock worth $4,701,000 after acquiring an additional 116,518 shares during the last quarter. Principal Financial Group Inc. boosted its position in Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after purchasing an additional 109,850 shares in the last quarter. KBC Group NV boosted its position in Adient by 62.3% in the 4th quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after purchasing an additional 2,074 shares in the last quarter. R Squared Ltd acquired a new position in shares of Adient during the 4th quarter worth approximately $32,000. Finally, Advisors Preferred LLC acquired a new position in shares of Adient during the 4th quarter worth approximately $1,670,000. 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.