Adient (NYSE:ADNT) Stock Has Consensus Target Price of $24.40 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Adient, with seven buys, two holds and three sells among 12 analysts; the average 12-month price target is $24.40.
• Adient reported quarterly EPS of $0.52, missing the $0.65 consensus, while revenue of $3.73 billion topped estimates and rose 1.1% year over year.
• Shares traded at $15.97, near their one-year low of $15.58 and below the consensus price target.

Shares of Adient (NYSE:ADNT - Get Free Report) have received an average rating of "Hold" from the twelve analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.40.

Several research firms have issued reports on ADNT. Deutsche Bank reiterated a "buy" rating and issued a $28.00 target price on shares of Adient in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Adient from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, November 5th. Morgan Stanley decreased their price objective on shares of Adient from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 18th. Barclays decreased their price objective on Adient from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, October 9th. Finally, Citigroup dropped their target price on shares of Adient from $29.00 to $27.00 and set a "buy" rating for the company in a report on Friday, November 6th.

Insider Buying and Selling at Adient

In other Adient news, Director Peter Carlin sold 7,843 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the completion of the sale, the director owned 38,835 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.94% of the company's stock.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Adient during the second quarter valued at about $27,000. Farther Finance Advisors LLC increased its position in Adient by 126.4% in the 3rd 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. Parallel Advisors LLC lifted its holdings in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after purchasing an additional 517 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Adient in the 2nd quarter worth $94,000. Finally, Meeder Asset Management Inc. lifted its stake in Adient by 13.8% during the third quarter. Meeder Asset Management Inc. now owns 8,273 shares of the company's stock valued at $139,000 after purchasing an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Stock Performance

Shares of ADNT stock traded up $0.17 on Friday, reaching $15.97. The stock had a trading volume of 1,060,707 shares, compared to its average volume of 1,206,926. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.09. The stock has a market cap of $1.23 billion, a P/E ratio of -66.56, a price-to-earnings-growth ratio of 0.20 and a beta of 1.64. Adient has a 1 year low of $15.58 and a 1 year high of $27.32. The company has a 50 day simple moving average of $17.47 and a 200 day simple moving average of $20.30.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.13). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.62 billion. Adient had a positive return on equity of 7.35% and a negative net margin of 0.11%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts expect that Adient will post 2.94 EPS for the current year.

Adient Company Profile

Adient plc is a global supplier of automotive seating systems and components. Its products include complete vehicle seats, seat structures and mechanisms, foam, and trim for passenger vehicles and commercial vehicles. The company works with automakers to design, engineer, and manufacture seating for vehicles sold around the world. Its operations and customer relationships span multiple major automotive markets. Adient became an independent company in 2016 after separating from Johnson Controls' automotive seating business.

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