Barclays Has Lowered Expectations for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its target price lowered by investment analysts at Barclays from $27.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 28.62% from the stock’s current price.

Several other research analysts have also recently issued reports on ADNT. Morgan Stanley raised their target price on shares of Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Bank of America started coverage on shares of Adient in a report on Wednesday, March 4th. They set an “underperform” rating and a $22.00 price target for the company. UBS Group increased their price target on shares of Adient from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Stifel Nicolaus boosted their price objective on shares of Adient from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.44.

Adient Stock Up 5.2%

ADNT opened at $20.22 on Monday. Adient has a 12 month low of $10.04 and a 12 month high of $27.32. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $22.66 and its 200-day moving average price is $21.86. The company has a market cap of $1.58 billion, a P/E ratio of -5.58, a P/E/G ratio of 0.42 and a beta of 1.56.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.Adient’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. On average, equities analysts expect that Adient will post 1.76 EPS for the current year.

Institutional Trading of Adient

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of Adient by 439.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock valued at $22,801,000 after purchasing an additional 954,441 shares during the period. Assenagon Asset Management S.A. grew its stake in Adient by 921.9% in the third quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after purchasing an additional 732,837 shares during the period. Engineers Gate Manager LP raised its holdings in Adient by 311.5% in the fourth quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock worth $12,195,000 after purchasing an additional 481,538 shares in the last quarter. Invesco Ltd. raised its holdings in Adient by 38.6% in the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock worth $30,671,000 after purchasing an additional 445,343 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Adient by 5,271.0% during the fourth quarter. SG Americas Securities LLC now owns 419,531 shares of the company’s stock valued at $8,042,000 after buying an additional 411,720 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.