Analysts Set Adient plc (NYSE:ADNT) Target Price at $21.88

Adient plc (NYSE:ADNT) has earned a consensus rating of “Reduce” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $20.88.

A number of equities research analysts have recently commented on ADNT shares. UBS Group increased their price target on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. StockNews.com cut shares of Adient from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and cut their price target for the company from $24.00 to $18.00 in a report on Tuesday. Morgan Stanley cut their price target on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Institutional Investors Weigh In On Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. BNP Paribas Financial Markets raised its position in Adient by 144.9% in the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock worth $4,750,000 after acquiring an additional 124,539 shares during the period. Thrivent Financial for Lutherans raised its position in Adient by 202.8% in the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock worth $1,576,000 after acquiring an additional 46,766 shares during the period. Principal Financial Group Inc. raised its position in Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after acquiring an additional 109,850 shares during the period. Intech Investment Management LLC bought a new position in Adient in the third quarter worth approximately $725,000. Finally, Creative Planning raised its position in Adient by 138.1% in the third quarter. Creative Planning now owns 36,708 shares of the company’s stock worth $828,000 after acquiring an additional 21,291 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Shares of ADNT opened at $14.95 on Thursday. The stock has a market cap of $1.25 billion, a PE ratio of 747.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. Adient has a fifty-two week low of $13.64 and a fifty-two week high of $35.94. The firm’s 50-day simple moving average is $17.02 and its two-hundred day simple moving average is $19.42.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the firm posted $0.31 EPS. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

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.