Wells Fargo & Company Forecasts Strong Price Appreciation for Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT - Free Report) had its target price raised by Wells Fargo & Company from $17.00 to $18.00 in a research report report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley cut their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. UBS Group lifted their target price on Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Citigroup began coverage on Adient in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen downgraded Adient from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Adient has an average rating of "Hold" and an average price target of $17.31.

Adient Stock Up 0.9%

Shares of ADNT stock traded up $0.20 during trading hours on Tuesday, hitting $22.38. 867,868 shares of the company were exchanged, compared to its average volume of 1,451,969. Adient has a 52 week low of $10.04 and a 52 week high of $26.59. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average of $16.20 and a two-hundred day moving average of $15.64. The company has a market capitalization of $1.88 billion, a PE ratio of -6.99, a PEG ratio of 0.46 and a beta of 1.69.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.33. The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.39 billion. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently added to or reduced their stakes in ADNT. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the fourth quarter valued at $25,000. Brooklyn Investment Group raised its holdings in Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after acquiring an additional 2,124 shares during the period. GAMMA Investing LLC lifted its position in Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after acquiring an additional 1,367 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after acquiring an additional 2,285 shares during the period. Finally, CWM LLC grew its position in shares of Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after purchasing an additional 1,636 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

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.