Stifel Nicolaus Issues Positive Forecast for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its target price increased by Stifel Nicolaus from $24.00 to $26.00 in a research report released on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

ADNT has been the subject of a number of other research reports. Wall Street Zen lowered shares of Adient from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley raised Adient from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Monday, December 8th. UBS Group set a $30.00 target price on Adient and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price target on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Barclays lifted their price target on Adient from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and a consensus price target of $24.56.

Adient Trading Down 1.2%

NYSE:ADNT opened at $21.59 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of -6.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.61. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.93. The stock’s 50-day moving average is $19.77 and its two-hundred day moving average is $22.05.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the company earned $0.68 earnings per share. Adient’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the sale, the executive vice president owned 116,425 shares of the company’s stock, valued at $2,294,736.75. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Adient

A number of large investors have recently added to or reduced their stakes in ADNT. Hantz Financial Services Inc. raised its position in shares of Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares during the period. Fifth Third Bancorp grew its stake in 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 buying an additional 1,802 shares during the last quarter. Quarry LP grew its stake in Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after buying an additional 1,431 shares during the last quarter. Parallel Advisors LLC raised its holdings in Adient by 13,957.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock worth $52,000 after acquiring an additional 2,652 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Adient during the 2nd quarter worth $63,000. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.