JPMorgan Chase & Co. Issues Positive Forecast for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its price objective upped by JPMorgan Chase & Co. from $22.00 to $26.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Adient from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Bank of America upped their price target on Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 10th. Stifel Nicolaus lifted their price objective on Adient from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company raised shares of Adient from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $31.00 in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $24.00.

Adient Price Performance

Shares of NYSE:ADNT opened at $23.23 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.89 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.77. The firm’s 50 day moving average price is $24.17 and its 200-day moving average price is $19.65. Adient has a twelve month low of $10.04 and a twelve month high of $26.16.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The business had revenue of $3.51 billion for the quarter. Equities research analysts expect that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its holdings in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after buying an additional 2,124 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake 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 in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Adient by 544.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock valued at $42,000 after purchasing an additional 1,802 shares during the last quarter. Finally, CWM LLC grew its position in shares of Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company’s stock valued at $44,000 after purchasing an additional 1,636 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other 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.