Adient (NYSE:ADNT) Receives $27.44 Consensus Price Target from Brokerages

Adient (NYSE:ADNT) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $27.4444.

A number of brokerages have recently issued reports on ADNT. UBS Group raised their target price on shares of Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Citigroup raised their price objective on shares of Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Stifel Nicolaus upped their target price on shares of Adient from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Morgan Stanley raised their price target on Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Adient in a research report on Wednesday, January 21st.

Adient Price Performance

ADNT stock opened at $27.11 on Thursday. The business’s fifty day moving average price is $21.20 and its 200 day moving average price is $22.19. Adient has a 12-month low of $10.04 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. The company has a market capitalization of $2.12 billion, a PE ratio of -7.49, a P/E/G ratio of 0.71 and a beta of 1.61.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business posted $0.27 earnings per share. Adient’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Adient will post 1.76 EPS for the current year.

Insider Activity at Adient

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the transaction, the executive vice president owned 116,425 shares in the company, valued at approximately $2,294,736.75. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ADNT. Greenwich Wealth Management LLC grew its stake in shares of Adient by 1.3% in the second quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after buying an additional 435 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Adient by 62.6% during the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after acquiring an additional 439 shares during the period. GAMMA Investing LLC increased its stake in shares of Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Adient by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock worth $193,000 after purchasing an additional 866 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Adient by 3.1% during the 2nd quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock worth $727,000 after buying an additional 1,114 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.