Deutsche Bank Aktiengesellschaft Cuts Adient (NYSE:ADNT) Price Target to $30.00

Adient (NYSE:ADNT - Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a research report released on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

ADNT has been the topic of several other reports. Barclays reissued an equal weight rating and set a $37.00 price target (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America decreased their price objective on Adient from $50.00 to $46.00 and set a buy rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a neutral rating on the stock in a research note on Monday, April 22nd. Finally, Wells Fargo & Company decreased their price target on Adient from $38.00 to $33.00 and set an overweight rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Adient currently has a consensus rating of Hold and a consensus price target of $40.00.

Adient Price Performance

ADNT traded up $0.71 during midday trading on Monday, reaching $28.12. 1,764,252 shares of the company's stock were exchanged, compared to its average volume of 1,054,050. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The business has a 50-day simple moving average of $31.82 and a two-hundred day simple moving average of $33.28. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.29 and a beta of 2.39. Adient has a one year low of $26.97 and a one year high of $46.51.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts predict that Adient will post 2.53 EPS for the current year.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares of the company's stock, valued at $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adient

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Adient by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,017,402 shares of the company's stock valued at $182,434,000 after buying an additional 196,857 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Adient by 5.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company's stock worth $162,495,000 after purchasing an additional 229,963 shares during the period. Franklin Resources Inc. increased its holdings in Adient by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 3,233,171 shares of the company's stock worth $117,558,000 after purchasing an additional 37,010 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Adient by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company's stock valued at $99,348,000 after purchasing an additional 246,038 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of Adient by 8.9% in the first quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company's stock valued at $65,147,000 after purchasing an additional 161,579 shares in the last quarter. 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.