Adient (NYSE:ADNT) Price Target Cut to $30.00

Adient (NYSE:ADNT) had its price target dropped by Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 8.15% from the company’s previous close.

A number of other analysts also recently commented on the company. Wells Fargo & Company decreased their price target on Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their target price on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Barclays reissued an “equal weight” rating and issued a $37.00 target price (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Finally, Bank of America reduced their price target on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Adient currently has a consensus rating of “Hold” and an average price target of $39.63.

Adient Stock Down 1.4 %

ADNT stock opened at $27.74 on Monday. Adient has a twelve month low of $26.97 and a twelve month high of $46.51. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average is $31.57 and its 200-day moving average is $33.19. The firm has a market capitalization of $2.53 billion, a PE ratio of 17.02, a P/E/G ratio of 0.29 and a beta of 2.39.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. Adient’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. Sell-side analysts expect that Adient will post 2.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares in the company, valued at approximately $1,874,931.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

Several hedge funds and other institutional investors have recently modified their holdings of ADNT. Headlands Technologies LLC purchased a new position in shares of Adient during the third quarter valued at about $46,000. Partnership Wealth Management LLC purchased a new position in shares of Adient during the fourth quarter valued at about $83,000. AM Squared Ltd purchased a new position in shares of Adient during the third quarter valued at about $106,000. TFO Wealth Partners LLC grew its position in shares of Adient by 41,090.9% during the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock valued at $1,650,000 after purchasing an additional 4,520 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of Adient during the third quarter valued at about $205,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.