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

Adient (NYSE:ADNT) had its price target dropped by equities researchers at Barclays from $27.00 to $24.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 22.29% from the stock’s current price.

ADNT has been the topic of a number of other research reports. Stifel Nicolaus cut their target price on shares of Adient from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 7th. Bank of America boosted their price objective on Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 10th. UBS Group dropped their target price on Adient from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Zacks Research lowered Adient from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Adient has a consensus rating of “Reduce” and an average price target of $21.63.

Adient Stock Performance

Adient stock opened at $19.63 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.59 billion, a PE ratio of -5.88, a P/E/G ratio of 0.67 and a beta of 1.87. Adient has a 12-month low of $10.04 and a 12-month high of $26.16. The business’s 50-day moving average price is $23.78 and its two-hundred day moving average price is $20.79.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $3.51 billion during the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. As a group, analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group lifted its stake in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after acquiring an additional 2,124 shares during the period. Hantz Financial Services Inc. increased its position in Adient by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares during the period. GAMMA Investing LLC raised its holdings in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after purchasing an additional 1,367 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after purchasing an additional 1,982 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after purchasing an additional 1,802 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Adient

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.