Adient (NYSE:ADNT) Stock Price Target Cut by Stifel Nicolaus

Adient (NYSE:ADNT) had its target price cut by research analysts at Stifel Nicolaus from $26.00 to $21.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.16% from the company’s previous close.

ADNT has been the topic of a number of other reports. BNP Paribas Exane raised Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $28.00 target price on shares of Adient in a report on Thursday, August 6th. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded Adient from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.90.

Adient Trading Up 0.1%

Shares of ADNT stock opened at $17.62 on Monday. Adient has a 52-week low of $16.51 and a 52-week high of $27.32. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 0.22 and a beta of 1.60. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The firm has a fifty day moving average of $18.42 and a 200-day moving average of $20.03.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). Adient had a return on equity of 7.32% and a net margin of 0.32%. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Adient’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Adient will post 1.99 earnings per share for the current fiscal year.

Insider Activity at Adient

In other news, Director Peter Carlin sold 7,843 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the sale, the director directly owned 38,835 shares in the company, valued at approximately $747,573.75. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Adient

A number of institutional investors have recently modified their holdings of ADNT. Counterpoint Mutual Funds LLC grew its position in shares of Adient by 32.6% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 35,281 shares of the company’s stock worth $594,000 after buying an additional 8,668 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Adient by 126.4% during the third quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company’s stock worth $31,000 after buying an additional 1,026 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Adient in the second quarter valued at approximately $27,000. Corient Private Wealth LP lifted its holdings in Adient by 5.7% in the second quarter. Corient Private Wealth LP now owns 19,371 shares of the company’s stock valued at $356,000 after buying an additional 1,038 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Adient in the second quarter valued at approximately $1,078,000. 92.44% of the stock is owned by institutional investors.

Adient Company Profile

Adient plc (NYSE: ADNT) is a global supplier of automotive seating systems and components. The company develops and manufactures complete vehicle seating solutions, including seats, seat structures, mechanisms, foam, trim, fabrics, and related technologies designed for passenger vehicles and commercial vehicles.

Adient serves automakers and automotive manufacturers across major vehicle-producing regions, including North America, Europe and Asia. Its products are supplied for a broad range of vehicle platforms, from traditional passenger cars and trucks to sport utility vehicles and electric vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business and is headquartered in Dublin, Ireland, with operations and engineering capabilities located around the world.