Adient (NYSE:ADNT) received a $13.00 price target from research analysts at Morgan Stanley in a research note issued on Thursday, TipRanks reports. The brokerage currently has a “sell” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 27.66% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Longbow Research cut Adient from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Buckingham Research set a $19.00 price target on Adient and gave the stock a “sell” rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on Adient to $20.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. UBS Group boosted their price target on Adient to $32.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays raised Adient from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $16.00 to $30.00 in a report on Tuesday, April 16th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.85.
NYSE ADNT traded down $0.07 during trading hours on Thursday, reaching $17.97. The company’s stock had a trading volume of 1,944,933 shares, compared to its average volume of 2,440,089. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 1.28. Adient has a 1 year low of $12.15 and a 1 year high of $58.17. The stock has a market cap of $1.91 billion, a PE ratio of 3.20 and a beta of 2.76.
Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). Adient had a positive return on equity of 10.34% and a negative net margin of 8.62%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts forecast that Adient will post 1.59 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of ADNT. Bank of America Corp DE raised its holdings in shares of Adient by 526.0% during the 4th quarter. Bank of America Corp DE now owns 3,487,956 shares of the company’s stock worth $52,529,000 after acquiring an additional 2,930,768 shares in the last quarter. Letko Brosseau & Associates Inc. raised its holdings in shares of Adient by 45.5% during the 1st quarter. Letko Brosseau & Associates Inc. now owns 3,212,774 shares of the company’s stock worth $41,638,000 after acquiring an additional 1,005,238 shares in the last quarter. Norges Bank purchased a new stake in shares of Adient during the 4th quarter worth approximately $10,908,000. Deutsche Bank AG increased its position in shares of Adient by 274.7% during the 4th quarter. Deutsche Bank AG now owns 934,063 shares of the company’s stock valued at $14,065,000 after purchasing an additional 684,748 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Adient by 7.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 8,744,439 shares of the company’s stock valued at $113,328,000 after purchasing an additional 613,309 shares during the last quarter.
Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
Featured Story: Quiet Period Expirations
Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with MarketBeat.com's FREE daily email newsletter.