Adient (NYSE:ADNT) Price Target Cut to $26.00 by Analysts at Stifel Nicolaus

Adient (NYSE:ADNT) had its price target reduced by Stifel Nicolaus from $30.00 to $26.00 in a research report sent to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. UBS Group lifted their price objective on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Barclays reduced their price objective on Adient from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Citigroup lifted their price objective on Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Morgan Stanley lifted their price objective on Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.44.

Adient Stock Down 0.6%

Shares of ADNT opened at $20.54 on Tuesday. The business’s 50 day moving average is $22.45 and its 200 day moving average is $21.57. The company has a market capitalization of $1.61 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.45 and a beta of 1.55. Adient has a 12-month low of $10.39 and a 12-month high of $27.32. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.16. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Research analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adient

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Adient by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after acquiring an additional 208,938 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Adient by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after acquiring an additional 328,555 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Adient by 61.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock valued at $45,517,000 after acquiring an additional 718,538 shares during the period. UBS Group AG boosted its holdings in Adient by 12.9% during the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after acquiring an additional 210,758 shares during the period. Finally, Invesco Ltd. boosted its holdings in Adient by 38.6% during the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after acquiring an additional 445,343 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.