Adient (NYSE:ADNT) Price Target Raised to $25.00 at Barclays

Adient (NYSE:ADNT - Get Free Report) had its price objective increased by stock analysts at Barclays from $18.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 15.24% from the company's current price.

Several other equities analysts have also weighed in on the company. Wells Fargo & Company lifted their price target on Adient from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Bank of America boosted their target price on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Citigroup assumed coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price on the stock. Morgan Stanley lowered their target price on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Finally, Wall Street Zen cut Adient from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.06.

Adient Stock Performance

ADNT stock traded down $0.36 during midday trading on Wednesday, reaching $21.69. The stock had a trading volume of 267,695 shares, compared to its average volume of 1,450,016. The stock has a market cap of $1.82 billion, a PE ratio of -6.75, a P/E/G ratio of 0.70 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. The firm has a fifty day simple moving average of $18.32 and a two-hundred day simple moving average of $16.03. Adient has a 52-week low of $10.04 and a 52-week high of $26.59.

Adient (NYSE:ADNT - Get Free Report) last released 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 business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business posted $0.54 EPS. The company's revenue was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Adient will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADNT. Covestor Ltd lifted its stake in Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Mariner LLC lifted its stake in Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock worth $175,000 after purchasing an additional 801 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Adient by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company's stock worth $670,000 after purchasing an additional 1,204 shares in the last quarter. GAMMA Investing LLC lifted its stake in Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Adient during the fourth quarter worth $25,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.