JPMorgan Chase & Co. Lowers Adient (NYSE:ADNT) Price Target to $26.00

Adient (NYSE:ADNT) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $28.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.40% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research report on Wednesday, April 15th. Wall Street Zen upgraded Adient from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. UBS Group boosted their price target on Adient from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Bank of America assumed coverage on Adient in a report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price target for the company. Finally, Morgan Stanley boosted their price target on Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.56.

Adient Price Performance

Shares of NYSE ADNT opened at $22.15 on Thursday. The business’s 50 day moving average price is $21.74 and its 200 day moving average price is $21.43. The firm has a market cap of $1.73 billion, a P/E ratio of -6.12, a P/E/G ratio of 0.50 and a beta of 1.55. Adient has a 52 week low of $11.89 and a 52 week high of $27.32. The company has a quick ratio of 0.88, a current ratio of 1.09 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 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.Adient’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, sell-side analysts expect that Adient will post 2.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Adient by 4.7% in the fourth 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 lifted its holdings in Adient by 8.5% in the third 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 lifted its holdings in Adient by 61.3% in the third 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 lifted its holdings in Adient by 12.9% in the fourth 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. lifted its holdings in Adient by 38.6% in the fourth 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. 92.44% of the stock is owned by institutional investors and hedge funds.

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.