Adient (NYSE:ADNT) Price Target Lowered to $16.00 at Morgan Stanley

Adient (NYSE:ADNT) had its price target reduced by Morgan Stanley from $17.00 to $16.00 in a research note released on Monday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also recently commented on the company. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. UBS Group upped their price objective on Adient from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Barclays lowered Adient from an “equal weight” rating to a “negative” rating in a research note on Tuesday, April 15th. Finally, Citigroup assumed coverage on Adient in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.22.

Adient Price Performance

NYSE:ADNT opened at $15.53 on Monday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 776.50, a P/E/G ratio of 0.34 and a beta of 1.60. Adient has a 52-week low of $10.04 and a 52-week high of $29.28. The stock has a fifty day moving average of $12.94 and a 200 day moving average of $16.08. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

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

Institutional Trading of Adient

Several large investors have recently bought and sold shares of the business. SageView Advisory Group LLC boosted its holdings in Adient by 25.2% in the 1st quarter. SageView Advisory Group LLC now owns 50,912 shares of the company’s stock valued at $655,000 after purchasing an additional 10,251 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Adient by 2.1% during the first quarter. Empowered Funds LLC now owns 316,292 shares of the company’s stock worth $4,068,000 after purchasing an additional 6,401 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Adient during the first quarter worth $236,000. Bridgeway Capital Management LLC raised its stake in Adient by 1.2% during the 1st quarter. Bridgeway Capital Management LLC now owns 551,292 shares of the company’s stock worth $7,090,000 after acquiring an additional 6,401 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Adient by 171.1% during the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after acquiring an additional 150,792 shares in the last quarter. 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.