Stifel Nicolaus Issues Pessimistic Forecast for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its price target lowered by research analysts at Stifel Nicolaus from $28.00 to $26.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 30.35% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Wednesday, April 15th. Wells Fargo & Company raised their price target on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Barclays lifted their price objective on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, UBS Group increased their target price on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.11.

Adient Stock Performance

NYSE:ADNT opened at $19.95 on Monday. The stock has a market cap of $1.56 billion, a P/E ratio of 28.09, a PEG ratio of 0.38 and a beta of 1.53. The stock has a 50 day simple moving average of $20.86 and a 200 day simple moving average of $21.56. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. Adient has a 1-year low of $17.68 and a 1-year high of $27.32.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Research analysts anticipate that Adient will post 2.13 earnings per share for the current year.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the sale, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently bought and sold shares of the company. Leonteq Securities AG bought a new position in Adient in the 4th quarter valued at about $30,000. Quarry LP boosted its position in shares of Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after acquiring an additional 1,431 shares in the last quarter. Parallel Advisors LLC increased its stake in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the last quarter. Raymond James Financial Inc. bought a new position in Adient in the second quarter valued at approximately $63,000. Finally, Los Angeles Capital Management LLC acquired a new position in Adient during the fourth quarter valued at approximately $64,000. 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.