Barclays Issues Positive Forecast for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT - Get Free Report) had its target price lifted by stock analysts at Barclays from $18.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 14.94% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Adient from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group raised their price objective on Adient from $15.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Citigroup began coverage on Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price target for the company. Bank of America raised their price target on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Wells Fargo & Company raised their price target on Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.06.

Adient Stock Down 1.4%

ADNT stock traded down $0.30 during trading on Wednesday, reaching $21.75. 1,125,824 shares of the company traded hands, compared to its average volume of 1,455,057. Adient has a 12 month low of $10.04 and a 12 month high of $26.59. The business has a 50 day simple moving average of $18.46 and a 200 day simple moving average of $16.05. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.66 and a beta of 1.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Adient in the fourth quarter worth about $25,000. Brooklyn Investment Group raised its position 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 acquiring an additional 2,124 shares in the last quarter. GAMMA Investing LLC raised its position 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 acquiring an additional 1,367 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Adient by 991.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company's stock valued at $42,000 after acquiring an additional 1,982 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Adient by 544.4% during the second quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock valued at $42,000 after acquiring an additional 1,802 shares in the last quarter. 92.44% of the stock is currently 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.