Adient (NYSE:ADNT) Receives $28.00 Average Price Target from Analysts

Shares of Adient (NYSE:ADNT) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $28.00.

Several brokerages have recently issued reports on ADNT. Wells Fargo & Company lowered their price target on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Morgan Stanley raised their price target on Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. UBS Group raised their price target on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $28.00 price target on Adient in a research report on Thursday, May 7th.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in shares of Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Adient by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after purchasing an additional 705 shares during the last quarter. GAMMA Investing LLC grew its position 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 last quarter. Finally, Allspring Global Investments Holdings LLC grew its position 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 valued at $193,000 after purchasing an additional 866 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Up 5.4%

Adient stock opened at $24.01 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 0.44 and a beta of 1.48. Adient has a one year low of $14.89 and a one year high of $27.32. The company’s fifty day moving average price is $21.08 and its two-hundred day moving average price is $21.19.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. On average, analysts forecast that Adient will post 2.09 earnings per share for the current fiscal year.

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.