Adient (NYSE:ADNT) Given New $17.00 Price Target at Morgan Stanley

Adient (NYSE:ADNT) had its price target upped by Morgan Stanley from $16.00 to $17.00 in a report released on Tuesday,Benzinga reports. The firm currently has an underweight rating on the stock.

ADNT has been the subject of a number of other reports. Cfra Research raised shares of Adient from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 7th. Bank of America raised their price objective on shares of Adient from $15.00 to $17.50 and gave the stock an “underperform” rating in a research note on Monday, June 16th. Barclays raised their price objective on shares of Adient from $18.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Adient from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Citigroup initiated coverage on shares of Adient in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.06.

Adient Price Performance

Shares of ADNT opened at $22.92 on Tuesday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $24.25. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -8.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The firm has a 50-day simple moving average of $20.78 and a 200-day simple moving average of $16.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%. Adient’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. On average, equities research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new position in Adient in the 4th quarter worth about $25,000. Brooklyn Investment Group lifted its position 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 acquiring an additional 2,124 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock valued at $29,000 after acquiring an additional 1,367 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock valued at $42,000 after acquiring an additional 1,982 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock valued at $42,000 after acquiring an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.