Adient (NYSE:ADNT) Price Target Cut to $13.00 by Analysts at Barclays

Adient (NYSE:ADNT - Get Free Report) had its price target dropped by stock analysts at Barclays from $21.00 to $13.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 13.67% from the stock's current price.

ADNT has been the subject of a number of other research reports. UBS Group decreased their price target on shares of Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lowered shares of Adient from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, Morgan Stanley reduced their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.00.

Adient Trading Up 4.4 %

Shares of Adient stock traded up $0.49 during trading on Tuesday, hitting $11.44. The company's stock had a trading volume of 1,244,234 shares, compared to its average volume of 1,396,154. The stock has a market cap of $959.94 million, a price-to-earnings ratio of 571.85, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. Adient has a 52 week low of $10.04 and a 52 week high of $31.19. The stock has a 50-day moving average price of $14.10 and a two-hundred day moving average price of $17.37. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Several hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after purchasing an additional 803,961 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Adient in the fourth quarter worth $11,395,000. Millennium Management LLC boosted its stake in Adient by 2,039.0% during the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company's stock valued at $10,516,000 after buying an additional 581,779 shares during the period. HITE Hedge Asset Management LLC grew its position in Adient by 122.4% during the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company's stock worth $14,065,000 after buying an additional 449,272 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Adient by 96.5% in the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after acquiring an additional 394,111 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.