Brokerages Set Adient plc (NYSE:ADNT) Price Target at $26.63

Adient plc (NYSE:ADNT) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.63.

ADNT has been the topic of a number of recent research reports. BNP Paribas raised Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Monday, July 1st. Morgan Stanley reduced their price target on Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Bank of America dropped their price objective on Adient from $42.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Wolfe Research started coverage on Adient in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC purchased a new stake in Adient during the first quarter valued at $2,710,000. Magnetar Financial LLC bought a new position in shares of Adient in the first quarter worth about $2,746,000. Duality Advisers LP purchased a new stake in shares of Adient during the 1st quarter worth approximately $1,653,000. Harbor Capital Advisors Inc. boosted its position in shares of Adient by 356.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 83,293 shares of the company’s stock valued at $2,058,000 after acquiring an additional 65,055 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Adient by 5.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock valued at $162,495,000 after purchasing an additional 229,963 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Up 1.7 %

Shares of NYSE:ADNT opened at $22.16 on Monday. The company has a market capitalization of $1.99 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.59 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The business has a fifty day moving average price of $22.13 and a two-hundred day moving average price of $25.96. Adient has a 1 year low of $19.40 and a 1 year high of $37.19.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts forecast that Adient will post 1.77 earnings per share for the current 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.