Adient (NYSE:ADNT) Receives $23.06 Consensus Target Price from Analysts

Shares of Adient (NYSE:ADNT) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.0625.

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Adient from $25.00 to $22.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Barclays reduced their price target on Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. UBS Group lowered their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Stifel Nicolaus cut their target price on shares of Adient from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Bank of America increased their price target on shares of Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, September 10th.

Insider Activity at Adient

In related news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the transaction, the executive vice president owned 116,425 shares in the company, valued at $2,294,736.75. The trade was a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Adient by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company’s stock worth $44,820,000 after acquiring an additional 53,101 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Adient during the first quarter valued at about $3,521,000. American Century Companies Inc. increased its holdings in Adient by 14.9% in the 1st quarter. American Century Companies Inc. now owns 161,774 shares of the company’s stock valued at $2,080,000 after purchasing an additional 20,941 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after buying an additional 2,124 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Adient by 47.7% during the first quarter. Hsbc Holdings PLC now owns 60,939 shares of the company’s stock worth $776,000 after purchasing an additional 19,673 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Performance

Shares of ADNT opened at $19.53 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.93 and a current ratio of 1.12. The stock has a 50-day moving average of $20.35 and a two-hundred day moving average of $21.96. The stock has a market cap of $1.55 billion, a P/E ratio of -5.85, a P/E/G ratio of 0.65 and a beta of 1.63. Adient has a one year low of $10.04 and a one year high of $26.16.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The firm had revenue of $3.51 billion for the quarter. As a group, research analysts predict that Adient will post 1.76 EPS for the current 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.