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

Adient (NYSE:ADNT) had its target price decreased by Barclays from $24.00 to $21.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts have also weighed in on the stock. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.13.

Adient Stock Performance

Shares of ADNT stock opened at $16.82 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.43 billion, a P/E ratio of 73.11, a P/E/G ratio of 0.29 and a beta of 2.16. The business’s 50 day moving average is $18.22 and its two-hundred day moving average is $20.82. Adient has a 12-month low of $16.28 and a 12-month high of $36.04.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Analysts expect that Adient will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares in the company, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after purchasing an additional 5,130,969 shares during the period. Pzena Investment Management LLC increased its position in shares of Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after acquiring an additional 877,142 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Adient by 86.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock valued at $28,019,000 after acquiring an additional 525,280 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Adient in the 3rd quarter worth approximately $6,653,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.