Adient (NYSE:ADNT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised Adient's price target from $22.00 to $26.00, indicating an anticipated upside of 11.93% from the current stock price.
• Adient has received various ratings from analysts, with consensus ratings showing two "Buy," six "Hold," and three "Sell" endorsements.
• The stock recently traded at $23.23, with a market cap of $1.89 billion and a twelve-month range between $10.04 and $26.16.

Adient (NYSE:ADNT - Get Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $22.00 to $26.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 11.93% from the company's current price.

ADNT has been the topic of several other research reports. UBS Group boosted their price objective on shares of Adient from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Barclays boosted their price objective on shares of Adient from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Friday, October 10th. Stifel Nicolaus upped their target price on shares of Adient from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley upped their price objective on shares of Adient from $16.00 to $17.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Finally, Zacks Research lowered shares of Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Adient presently has a consensus rating of "Reduce" and an average price target of $24.00.

Adient Stock Performance

Adient stock traded up $0.41 on Monday, reaching $23.23. 629,388 shares of the stock were exchanged, compared to its average volume of 1,346,462. The stock has a market cap of $1.89 billion, a PE ratio of -8.77, a PEG ratio of 0.82 and a beta of 1.77. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. Adient has a twelve month low of $10.04 and a twelve month high of $26.16. The firm has a fifty day moving average price of $24.14 and a two-hundred day moving average price of $19.57.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $3.51 billion for the quarter. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%. Sell-side analysts anticipate that Adient will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its holdings in Adient by 22.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company's stock worth $57,879,000 after purchasing an additional 823,638 shares during the period. Pzena Investment Management LLC grew its position in Adient by 7.0% in the second quarter. Pzena Investment Management LLC now owns 4,174,493 shares of the company's stock valued at $81,236,000 after purchasing an additional 272,920 shares in the last quarter. Vanguard Group Inc. grew its position in Adient by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock valued at $44,820,000 after purchasing an additional 53,101 shares in the last quarter. HITE Hedge Asset Management LLC grew its position in Adient by 184.2% in the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock valued at $29,837,000 after purchasing an additional 1,503,817 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Adient by 14.2% in the 1st quarter. Invesco Ltd. now owns 1,615,317 shares of the company's stock valued at $20,773,000 after acquiring an additional 201,276 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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