Adient (NYSE:ADNT) Price Target Lowered to $25.00 at Barclays

Adient (NYSE:ADNT) had its price objective reduced by investment analysts at Barclays from $29.00 to $25.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 28.24% from the company’s current price.

A number of other equities research analysts also recently commented on ADNT. Weiss Ratings raised Adient from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen cut shares of Adient from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company boosted their price objective on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. BNP Paribas Exane raised shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $28.00 price target on shares of Adient in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Adient has an average rating of “Hold” and a consensus target price of $26.90.

Adient Stock Performance

NYSE ADNT opened at $19.50 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $20.57 and its two-hundred day moving average is $21.55. Adient has a 12-month low of $17.68 and a 12-month high of $27.32. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 0.38 and a beta of 1.52.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. During the same period in the prior year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts expect that Adient will post 2.08 EPS for the current year.

Insider Activity

In related news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adient

Several hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adient by 61.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after buying an additional 718,538 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Adient by 117.8% during the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after buying an additional 494,054 shares during the period. Engineers Gate Manager LP boosted its position in Adient by 311.5% during the fourth quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock worth $12,195,000 after acquiring an additional 481,538 shares during the last quarter. Invesco Ltd. boosted its position in Adient by 38.6% during the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock worth $30,671,000 after acquiring an additional 445,343 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Adient by 143.3% in the 2nd quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock worth $11,276,000 after acquiring an additional 342,329 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.