Stifel Nicolaus Issues Pessimistic Forecast for Adient (NYSE:ADNT) Stock Price

Key Points

• Stifel Nicolaus cut Adient’s price target from $26 to $21 but maintained a “buy” rating, implying approximately 17% upside from the stock’s $17.95 price.
• Analyst sentiment is mixed: seven analysts rate Adient a buy, three hold, and two sell, resulting in a consensus “hold” rating and an average price target of $24.90.
• Adient’s latest quarterly results were mixed, with revenue of $3.93 billion exceeding estimates but earnings per share of $0.48 falling short of the $0.56 consensus forecast.

Adient (NYSE:ADNT - Get Free Report) had its price target lowered by analysts at Stifel Nicolaus from $26.00 to $21.00 in a report released on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 17.02% from the company's current price.

Several other equities analysts have also issued reports on ADNT. Wall Street Zen lowered Adient from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research upgraded Adient from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 16th. Weiss Ratings downgraded Adient from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 21st. UBS Group decreased their price objective on Adient from $29.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Finally, Citigroup cut their target price 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 equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.90.

Adient Price Performance

Shares of Adient stock opened at $17.95 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. Adient has a fifty-two week low of $16.51 and a fifty-two week high of $27.32. The firm has a fifty day moving average price of $18.47 and a two-hundred day moving average price of $20.07. The company has a market cap of $1.38 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.45 EPS. Analysts expect that Adient will post 2.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Peter Carlin sold 7,843 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the transaction, the director owned 38,835 shares of the company's stock, valued at $747,573.75. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adient

Institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC lifted its position in shares of Adient by 32.6% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 35,281 shares of the company's stock worth $594,000 after buying an additional 8,668 shares during the period. Farther Finance Advisors LLC grew its position in Adient by 126.4% in the third quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company's stock valued at $31,000 after acquiring an additional 1,026 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Adient during the second quarter worth $27,000. Corient Private Wealth LP raised its stake in Adient by 5.7% during the second quarter. Corient Private Wealth LP now owns 19,371 shares of the company's stock worth $356,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Adient during the second quarter worth $1,078,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Company Profile

Adient plc NYSE: ADNT is a global supplier of automotive seating systems and components. The company develops and manufactures complete vehicle seating solutions, including seats, seat structures, mechanisms, foam, trim, fabrics, and related technologies designed for passenger vehicles and commercial vehicles.

Adient serves automakers and automotive manufacturers across major vehicle-producing regions, including North America, Europe and Asia. Its products are supplied for a broad range of vehicle platforms, from traditional passenger cars and trucks to sport utility vehicles and electric vehicles.

The company was formed in 2016 through the separation of Johnson Controls' automotive seating business and is headquartered in Dublin, Ireland, with operations and engineering capabilities located around the world.

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