Brokerages Set Adient plc (NYSE:ADNT) Price Target at $23.50

Shares of Adient plc (NYSE:ADNT - Get Free Report) have received a consensus recommendation of "Reduce" from the nine analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.50.

A number of research analysts recently issued reports on the company. Bank of America cut Adient from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Wells Fargo & Company lowered shares of Adient from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a report on Saturday, December 28th. Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th.

Adient Price Performance

Shares of ADNT traded down $0.51 during mid-day trading on Wednesday, reaching $17.04. The company had a trading volume of 1,124,222 shares, compared to its average volume of 1,029,324. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The company has a market capitalization of $1.45 billion, a P/E ratio of 74.09, a P/E/G ratio of 0.32 and a beta of 2.16. Adient has a twelve month low of $16.28 and a twelve month high of $36.04. The company's 50-day moving average is $18.91 and its 200-day moving average is $21.39.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.12. The business had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. On average, equities analysts anticipate that Adient will post 2.04 EPS for the current year.

Insider Activity at Adient

In other news, EVP James Conklin sold 11,500 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the sale, the executive vice president now owns 51,829 shares of the company's stock, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock worth $32,000 after purchasing an additional 1,857 shares in the last quarter. Principal Financial Group Inc. lifted its position in Adient by 36.5% during the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock worth $9,281,000 after buying an additional 109,850 shares in the last quarter. Franklin Resources Inc. lifted its position in Adient by 85.4% during the 3rd quarter. Franklin Resources Inc. now owns 59,694 shares of the company's stock worth $1,305,000 after buying an additional 27,491 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Adient during the 3rd quarter worth about $357,000. Finally, Barclays PLC increased its position in shares of Adient by 127.0% in the third quarter. Barclays PLC now owns 208,239 shares of the company's stock valued at $4,701,000 after acquiring an additional 116,518 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

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.