Adient (NYSE:ADNT) Price Target Raised to $25.00

Adient (NYSE:ADNT) had its price target lifted by Barclays from $18.00 to $25.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

ADNT has been the topic of a number of other reports. Citigroup initiated coverage on shares of Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price objective on the stock. Bank of America lifted their price target on Adient from $15.00 to $17.50 and gave the stock an “underperform” rating in a research report on Monday, June 16th. Wall Street Zen downgraded Adient from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group raised their price objective on Adient from $15.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Morgan Stanley dropped their target price on Adient from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.06.

Adient Price Performance

Shares of NYSE ADNT opened at $21.75 on Wednesday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.59. The company has a market cap of $1.83 billion, a PE ratio of -6.80, a P/E/G ratio of 0.67 and a beta of 1.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11. The business has a 50-day simple moving average of $18.46 and a two-hundred day simple moving average of $16.06.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. Adient’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. As a group, equities analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the fourth quarter worth about $25,000. Brooklyn Investment Group increased its stake in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after purchasing an additional 2,124 shares in the last quarter. Fifth Third Bancorp raised its holdings in Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after purchasing an additional 1,802 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after purchasing an additional 1,982 shares during the period. Finally, GAMMA Investing LLC boosted its position in Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after purchasing an additional 1,367 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.