JPMorgan Chase & Co. Issues Pessimistic Forecast for Adient (NYSE:ADNT) Stock Price

Key Points

• JPMorgan cut its Adient price target from $25 to $23 but maintained an “overweight” rating, implying 34.29% upside from the prior close.
• Analyst views are mixed: the consensus rating is “Hold,” with an average price target of $24.70; seven analysts rate the stock Buy, three Hold, and two Sell.
• Adient’s quarterly EPS of $0.52 missed expectations of $0.62, while revenue of $3.73 billion exceeded estimates and rose 1.1% year over year.

Adient (NYSE:ADNT - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $25.00 to $23.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 34.29% from the company's previous close.

A number of other research firms also recently commented on ADNT. BNP Paribas Exane upgraded Adient from a "neutral" rating to an "outperform" rating and set a $26.00 price objective for the company in a report on Thursday, July 30th. Barclays reduced their target price on Adient from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, October 9th. Stifel Nicolaus lowered their price target on Adient from $26.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $28.00 price target on shares of Adient in a research report on Thursday, August 6th. Finally, Citigroup dropped their price target on Adient from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $24.70.

Adient Trading Down 0.4%

ADNT traded down $0.06 during midday trading on Thursday, hitting $17.13. The company's stock had a trading volume of 2,773,255 shares, compared to its average volume of 1,033,723. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm has a market cap of $1.32 billion, a P/E ratio of 28.55, a PEG ratio of 0.23 and a beta of 1.64. The firm has a 50-day moving average price of $17.85 and a two-hundred day moving average price of $20.50. Adient has a 52-week low of $15.80 and a 52-week high of $27.32.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Adient had a return on equity of 7.32% and a net margin of 0.32%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. On average, research analysts anticipate that Adient will post 1.99 earnings per share for the current year.

Insider Activity

In related news, Director Peter Carlin sold 7,843 shares of Adient 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 transaction, the director owned 38,835 shares in the company, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ADNT. Parallel Advisors LLC increased its stake in Adient by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after buying an additional 517 shares during the period. PNC Financial Services Group Inc. boosted its position in Adient by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company's stock valued at $152,000 after buying an additional 705 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Adient by 126.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company's stock valued at $31,000 after buying an additional 1,026 shares during the last quarter. Corient Private Wealth LP boosted its position in Adient by 5.7% in the 2nd quarter. Corient Private Wealth LP now owns 19,371 shares of the company's stock valued at $356,000 after buying an additional 1,038 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Adient by 12.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,383 shares of the company's stock valued at $237,000 after buying an additional 1,221 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Key Adient News

Here are the key news stories impacting Adient this week:

• Positive Sentiment: Adient’s board increased its share repurchase authorization by $400 million, which could support shareholder returns if the company uses the authorization to buy shares. Adient announces increased share repurchase authorization
• Positive Sentiment: Adient reported $222 million in free cash flow for fiscal 2026, a source of financial flexibility. Adient reports fourth-quarter and full-year results
• Neutral Sentiment: The company expects fiscal 2027 revenue of $14.8 billion to $15 billion. The articles provided no analyst comparison for this outlook, so its implications for expectations are unclear. Adient sets fiscal 2027 revenue outlook
• Negative Sentiment: Fourth-quarter EPS was $0.52, below analyst estimates of about $0.62. Adient also reported a $47 million quarterly loss as restructuring costs rose, weighing on the earnings picture. Adient Q4 earnings miss estimates Adient posts quarterly loss as restructuring costs rise
• Neutral Sentiment: Revenue of $3.73 billion beat estimates of $3.62 billion and increased 1.1% year over year, partly offsetting the earnings miss. Adient fiscal Q4 earnings and revenue

About Adient

Adient plc NYSE: ADNT is a global automotive supplier specializing in the design, development and manufacture of vehicle seating systems. The company supplies complete seating assemblies as well as components such as seat structures, mechanisms, foam, fabrics, leather and other trim materials.

Adient works with automakers and other automotive customers to provide seating solutions for passenger cars, trucks, sport utility vehicles and commercial vehicles. Its offerings are designed to support vehicle comfort, safety, styling, weight reduction and manufacturing efficiency, with products developed for both traditional and electrified vehicles.

The company was formed in 2016 through the separation of Johnson Controls' automotive seating business.

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