Adient (NYSE:ADNT) Upgraded at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Adient from “neutral” to “overweight” and set a $25 price target, implying 33.26% upside from the previous close.
• Analyst sentiment remains mixed: Adient has an average “Hold” rating and a consensus price target of $26.30, with seven Buy, two Hold, and three Sell ratings.
• Adient shares opened at $18.76 and were down 2.5%; the company recently reported $0.48 in quarterly EPS, below estimates, despite revenue of $3.93 billion exceeding expectations.

Adient (NYSE:ADNT - Get Free Report) was upgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $25.00 target price on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 33.26% from the company's previous close.

ADNT has been the topic of several other research reports. Barclays reduced their target price on shares of Adient from $29.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, August 10th. Zacks Research downgraded Adient from a "hold" rating to a "strong sell" rating in a report on Monday, August 17th. Morgan Stanley decreased their price target on Adient from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of Adient from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $28.00 price objective on shares of Adient in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.30.

Adient Trading Down 2.5%

ADNT stock opened at $18.76 on Tuesday. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 0.39 and a beta of 1.52. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $19.70 and a 200-day simple moving average of $20.69.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities research analysts expect that Adient will post 2.02 EPS for the current year.

Insiders Place Their Bets

In other Adient news, Director Peter Carlin sold 7,843 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total transaction of $150,977.75. Following the completion of the transaction, the director directly owned 38,835 shares of the company's stock, valued at $747,573.75. This trade represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently modified their holdings of ADNT. Integrated Wealth Concepts LLC acquired a new position in shares of Adient in the 2nd quarter valued at about $27,000. Leonteq Securities AG bought a new stake in shares of Adient during the 4th quarter valued at about $30,000. Parallel Advisors LLC raised its stake in Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after acquiring an additional 517 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Adient during the second quarter worth about $94,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Adient by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company's stock worth $152,000 after acquiring an additional 705 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Company Profile

Adient plc NYSE: ADNT is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.

The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.

Adient became an independent public company in 2016 after being separated from Johnson Controls' automotive seating business.

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