Brokerages Set Adient plc (NYSE:ADNT) PT at $18.22

Shares of Adient plc (NYSE:ADNT) have been assigned a consensus recommendation of “Reduce” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.22.

ADNT has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Adient from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. UBS Group raised their price target on shares of Adient from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Finally, Citigroup began coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 target price on the stock.

Adient Stock Performance

ADNT opened at $18.81 on Friday. The firm has a fifty day moving average price of $13.71 and a 200 day moving average price of $15.65. Adient has a 1 year low of $10.04 and a 1 year high of $28.46. The stock has a market cap of $1.58 billion, a P/E ratio of 940.55, a P/E/G ratio of 0.34 and a beta of 1.64. 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 (NYSE:ADNT) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. Equities research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in Adient by 127.0% during the third quarter. Barclays PLC now owns 208,239 shares of the company’s stock worth $4,701,000 after acquiring an additional 116,518 shares during the last quarter. KBC Group NV boosted its position in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after acquiring an additional 2,074 shares during the last quarter. Advisors Preferred LLC acquired a new position in Adient during the fourth quarter worth about $1,670,000. Empowered Funds LLC boosted its position in Adient by 5.1% during the fourth quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock worth $5,339,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Adient by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 422,806 shares of the company’s stock worth $7,285,000 after acquiring an additional 11,607 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.