JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Adient (NYSE:ADNT) Stock

Key Points

• JPMorgan raised Adient’s price target from $26 to $28 while maintaining a neutral rating, implying roughly 48% upside from the prior close.
• Analyst sentiment is mixed: six firms rate the stock Buy, five Hold and one Sell, resulting in a consensus Hold rating and an average price target of $27.10.
• Adient’s shares recently traded at $18.86 after the company missed quarterly EPS estimates ($0.48 versus $0.56), although revenue exceeded expectations at $3.93 billion and rose 4.3% year over year.

Adient (NYSE:ADNT - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $26.00 to $28.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 48.46% from the company's previous close.

Several other research firms also recently issued reports on ADNT. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $28.00 price target on shares of Adient in a research note on Thursday. BNP Paribas Exane upgraded shares of Adient from a "neutral" rating to an "outperform" rating and set a $26.00 target price for the company in a report on Thursday, July 30th. Wall Street Zen cut shares of Adient from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup upgraded shares of Adient from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $30.00 to $33.00 in a research report on Wednesday, April 15th. Finally, Barclays reduced their price target on shares of Adient from $29.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $27.10.

Adient Price Performance

Shares of ADNT stock traded down $0.56 during midday trading on Monday, reaching $18.86. 356,930 shares of the company traded hands, compared to its average volume of 1,031,011. The firm's 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $21.55. The firm has a market cap of $1.48 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 0.38 and a beta of 1.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. Adient has a 1-year low of $17.68 and a 1-year high of $27.32.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities research analysts expect that Adient will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the sale, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in shares of Adient during the 4th quarter worth about $30,000. Quarry LP grew its holdings in shares of Adient by 163.9% during the third quarter. Quarry LP now owns 2,304 shares of the company's stock worth $55,000 after buying an additional 1,431 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock valued at $64,000 after buying an additional 517 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Adient during the second quarter valued at approximately $63,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Adient during the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Company Profile

Adient plc NYSE: ADNT is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient's product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.

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