Adient (NYSE:ADNT) Stock Has Average Price Target of $24.90 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Adient, with seven buys, three holds, and two sells. The average 12-month price target is $24.90, above the stock’s reported price of $17.60.
• Recent analyst opinions were mixed: Wells Fargo raised its target to $32, while Barclays and Stifel lowered theirs to $22 and $21, respectively.
• Adient’s latest quarter showed revenue of $3.93 billion, up 4.3% year over year and ahead of estimates, but EPS of $0.48 missed the $0.56 consensus forecast.

Adient (NYSE:ADNT - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.90.

Several research analysts have weighed in on ADNT shares. Barclays decreased their price target on shares of Adient from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company lifted their price target on shares of Adient from $28.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. BNP Paribas Exane raised shares of Adient from a "neutral" rating to an "outperform" rating and set a $26.00 price objective for the company in a research report on Thursday, July 30th. Citigroup cut their price objective on shares of Adient from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus reduced their price objective on Adient from $26.00 to $21.00 and set a "buy" rating for the company in a research note on Monday.

Insiders Place Their Bets

In related news, Director Peter Carlin sold 7,843 shares of Adient stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the transaction, the director directly owned 38,835 shares in the company, valued at approximately $747,573.75. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.94% of the company's stock.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently bought and sold shares of ADNT. Integrated Wealth Concepts LLC purchased a new position in shares of Adient during the 2nd quarter valued at about $27,000. Farther Finance Advisors LLC increased its holdings in Adient by 126.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company's stock worth $31,000 after acquiring an additional 1,026 shares in the last quarter. Parallel Advisors LLC raised 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 acquiring an additional 517 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Adient during the 2nd quarter worth approximately $94,000. Finally, PNC Financial Services Group Inc. raised its stake in Adient by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company's stock worth $152,000 after acquiring an additional 705 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Price Performance

NYSE ADNT opened at $17.60 on Tuesday. The company has a 50-day moving average price of $18.45 and a 200-day moving average price of $20.05. Adient has a 52 week low of $16.51 and a 52 week high of $27.32. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.36 billion, a P/E ratio of 29.34, a PEG 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 analysts' consensus estimates of $0.56 by ($0.08). The business had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts anticipate that Adient will post 2.01 earnings per share for the current year.

About Adient

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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