UBS Group Forecasts Strong Price Appreciation for Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT - Get Free Report) had its price target raised by investment analysts at UBS Group from $15.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 8.80% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Bank of America boosted their target price on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research report on Monday, June 16th. Wells Fargo & Company upped their price target on Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Citigroup assumed coverage on Adient in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.56.

Adient Trading Up 1.1%

Shares of Adient stock traded up $0.25 on Monday, hitting $22.98. 935,872 shares of the company's stock traded hands, compared to its average volume of 1,488,868. The company has a fifty day moving average of $17.56 and a two-hundred day moving average of $15.87. Adient has a one year low of $10.04 and a one year high of $26.59. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of 0.50 and a beta of 1.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly 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 for 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 for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Adient by 22.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company's stock valued at $57,879,000 after purchasing an additional 823,638 shares in the last quarter. Pzena Investment Management LLC increased its stake in Adient by 7.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company's stock valued at $50,174,000 after buying an additional 272,121 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Adient by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock worth $44,820,000 after buying an additional 53,101 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Adient by 184.2% in the 1st quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock worth $29,837,000 after buying an additional 1,503,817 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Adient by 14.2% in the first 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 in the last quarter. 92.44% of the stock is owned by institutional investors.

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.