Adient (NYSE:ADNT) Receives $21.06 Average Target Price from Brokerages

Key Points

• Analysts have issued a consensus rating of "Reduce" for Adient, with two sell recommendations and nine hold ratings, and an average twelve-month price target of $21.06.
• Hedge funds have significantly modified their positions in Adient, with most institutional investors increasing their holdings, including a 23,600% increase by Brooklyn Investment Group.
• Adient's recent earnings report showed $3.74 billion in revenue, slightly above expectations, but a miss in earnings per share by $0.02, which could impact investor sentiment.

Shares of Adient (NYSE:ADNT - Get Free Report) have been assigned a consensus rating of "Reduce" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.7222.

ADNT has been the subject of several research reports. Bank of America increased their price objective on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a report on Monday, June 16th. Barclays boosted their target price on shares of Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Stifel Nicolaus began coverage on shares of Adient in a report on Thursday. They set a "buy" rating and a $27.00 target price on the stock. Cfra Research raised shares of Adient from a "moderate sell" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th.

Adient Stock Performance

Adient stock traded up $1.2770 during trading on Thursday, hitting $24.8470. The stock had a trading volume of 1,204,281 shares, compared to its average volume of 1,227,407. The stock's 50 day moving average is $21.82 and its two-hundred day moving average is $17.00. Adient has a 1 year low of $10.04 and a 1 year high of $24.96. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -9.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the company posted $0.32 earnings per share. Adient's revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts predict that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Greenwich Wealth Management LLC raised its holdings in Adient by 1.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company's stock valued at $685,000 after acquiring an additional 435 shares during the period. Mariner LLC increased its holdings in shares of Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock worth $175,000 after purchasing an additional 801 shares during the period. Covestor Ltd increased its holdings in shares of Adient by 15.2% in the first quarter. Covestor Ltd now owns 6,984 shares of the company's stock worth $90,000 after purchasing an additional 922 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Adient by 3.1% in the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company's stock worth $727,000 after purchasing an additional 1,114 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in shares of Adient by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company's stock worth $670,000 after purchasing an additional 1,204 shares during the period. Institutional investors 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.