Adient (NYSE:ADNT) Price Target Lowered to $26.00 at Barclays

Adient (NYSE:ADNT) had its price target cut by Barclays from $27.00 to $26.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently commented on ADNT. UBS Group raised their price objective on shares of Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a report on Wednesday, January 21st. Wells Fargo & Company increased their target price on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Adient from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Four 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.56.

Adient Trading Down 5.1%

Shares of ADNT opened at $19.21 on Monday. The stock’s 50-day moving average price is $22.68 and its 200 day moving average price is $21.88. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -5.31, a P/E/G ratio of 0.44 and a beta of 1.55. Adient has a 12-month low of $10.04 and a 12-month high of $27.32.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.16. The company 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. As a group, research analysts predict that Adient will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently made changes to their positions in ADNT. Vanguard Group Inc. boosted 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 last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Adient by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after purchasing an additional 328,555 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Adient by 61.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after buying an additional 718,538 shares during the period. UBS Group AG raised its stake in shares of Adient by 12.9% during the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock worth $35,439,000 after buying an additional 210,758 shares during the last quarter. 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 buying 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.