Adient (NYSE:ADNT) Price Target Raised to $17.50 at Bank of America

Adient (NYSE:ADNT - Free Report) had its price target upped by Bank of America from $15.00 to $17.50 in a research report report published on Monday,Benzinga reports. Bank of America currently has an underperform rating on the stock.

Several other research analysts have also recently weighed in on ADNT. Barclays cut Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Morgan Stanley reduced their target price on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Wells Fargo & Company increased their price target on shares of Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Adient from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Citigroup started coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $18.17.

Adient Stock Performance

Shares of ADNT stock traded down $0.02 during trading hours on Monday, reaching $18.92. The stock had a trading volume of 1,365,441 shares, compared to its average volume of 1,445,010. The firm has a market capitalization of $1.59 billion, a PE ratio of -5.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.64. The firm has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $15.63. Adient has a twelve month low of $10.04 and a twelve month high of $26.59. 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 announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. Adient's revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. As a group, 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 made changes to their positions in ADNT. Point72 Hong Kong Ltd bought a new stake in Adient in the fourth quarter valued at about $25,000. Brooklyn Investment Group boosted its holdings in Adient by 23,600.0% during the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after purchasing an additional 2,124 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after purchasing an additional 1,367 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after purchasing an additional 2,285 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of Adient by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

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.