Bank of America Lowers Adient (NYSE:ADNT) Price Target to $46.00

Adient (NYSE:ADNT - Get Free Report) had its price target reduced by investment analysts at Bank of America from $50.00 to $46.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price would suggest a potential upside of 52.12% from the stock's previous close.

Other research analysts have also issued research reports about the company. Barclays restated an "equal weight" rating and issued a $37.00 price objective (down previously from $41.00) on shares of Adient in a report on Wednesday. Wells Fargo & Company decreased their price objective on Adient from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. TheStreet lowered Adient from a "b-" rating to a "c+" rating in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Adient from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.86.

Adient Stock Performance

Adient stock traded down $1.54 during mid-day trading on Wednesday, hitting $30.24. The company had a trading volume of 1,990,021 shares, compared to its average volume of 1,027,892. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Adient has a 12-month low of $29.30 and a 12-month high of $46.51. The company's fifty day moving average is $33.55 and its 200-day moving average is $34.10. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.29 and a beta of 2.51.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the business earned $0.34 EPS. The company's quarterly revenue was up .0% on a year-over-year basis. Equities research analysts predict that Adient will post 2.65 EPS for the current year.

Insider Buying and Selling

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the sale, the executive vice president now directly owns 55,669 shares of the company's stock, valued at approximately $1,874,931.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Adient in the 4th quarter valued at about $25,000. Point72 Asset Management L.P. purchased a new stake in Adient during the second quarter worth approximately $27,000. Headlands Technologies LLC purchased a new stake in Adient during the third quarter worth approximately $46,000. KBC Group NV acquired a new position in Adient during the fourth quarter worth approximately $56,000. Finally, Partnership Wealth Management LLC acquired a new position in Adient during the fourth quarter worth approximately $83,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.