Brokerages Set Adient plc (NYSE:ADNT) Price Target at $21.88

Shares of Adient plc (NYSE:ADNT - Get Free Report) have received a consensus rating of "Reduce" from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.88.

Several equities analysts have commented on the company. UBS Group increased their target price on Adient from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their target price on Adient from $21.00 to $19.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Bank of America lowered Adient from a "buy" rating to a "neutral" rating and reduced their price target for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. StockNews.com raised Adient from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

Adient Price Performance

ADNT traded down $0.12 on Thursday, hitting $15.83. 1,327,375 shares of the stock were exchanged, compared to its average volume of 1,249,435. 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 has a 12 month low of $15.57 and a 12 month high of $35.94. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 791.25, a PEG ratio of 0.34 and a beta of 2.18. The business has a 50-day moving average of $17.13 and a two-hundred day moving average of $19.54.

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

Insider Activity at Adient

In related news, EVP James Conklin sold 11,500 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adient

A number of hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Adient by 9.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company's stock worth $117,298,000 after acquiring an additional 442,200 shares during the period. Pacer Advisors Inc. lifted its holdings in Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company's stock valued at $116,110,000 after purchasing an additional 5,130,969 shares during the last quarter. Pzena Investment Management LLC boosted its position in Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after purchasing an additional 803,961 shares during the period. State Street Corp increased its stake in shares of Adient by 4.8% in the third quarter. State Street Corp now owns 3,443,471 shares of the company's stock worth $77,719,000 after purchasing an additional 158,017 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Adient by 22.0% in the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock valued at $24,364,000 after purchasing an additional 254,951 shares during the period. 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.