Adient (NYSE:ADNT) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its price target for Adient (NYSE:ADNT) from $25.00 to $26.00, indicating a potential upside of 13.86% from the current stock price while maintaining a "neutral" rating.
• Analysts have varied opinions on Adient's stock: Morgan Stanley downgraded it to $16.00 with an "underweight" rating, while Wall Street Zen upgraded it to a "buy" rating, reflecting divided sentiment in the market.
• Adient reported $0.45 EPS in its last earnings, missing estimates, but its revenue of $3.74 billion exceeded expectations, showing modest year-over-year growth.

Adient (NYSE:ADNT - Get Free Report) had its price objective lifted by UBS Group from $25.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 13.86% from the stock's current price.

Several other equities analysts have also issued reports on ADNT. Morgan Stanley reduced their price target on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Citigroup began coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company raised their target price on Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Bank of America upped their price target on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.94.

Adient Trading Down 0.2%

Shares of ADNT stock traded down $0.05 on Thursday, reaching $22.84. The company had a trading volume of 336,717 shares, compared to its average volume of 1,454,315. The stock has a market cap of $1.92 billion, a PE ratio of -7.14, a PEG ratio of 0.79 and a beta of 1.72. Adient has a 12 month low of $10.04 and a 12 month high of $24.25. The company has a 50-day moving average of $20.24 and a 200-day moving average of $16.51. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business's revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Adient will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently bought and sold shares of ADNT. Fox Run Management L.L.C. bought a new stake in Adient in the 2nd quarter worth about $578,000. Savant Capital LLC purchased a new stake in shares of Adient during the 2nd quarter worth $243,000. Corton Capital Inc. acquired a new position in Adient during the 2nd quarter valued at about $315,000. Bank of Montreal Can increased its position in Adient by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 16,208 shares of the company's stock valued at $315,000 after buying an additional 2,238 shares in the last quarter. Finally, Aequim Alternative Investments LP acquired a new position in shares of Adient in the second quarter valued at about $1,362,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.

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