Adient (NYSE:ADNT) PT Lowered to $34.00 at Barclays

Adient (NYSE:ADNT - Get Free Report) had its target price dropped by equities researchers at Barclays from $37.00 to $34.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 22.57% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Adient from $32.00 to $30.00 and set a "hold" rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on Adient from $38.00 to $33.00 and set an "overweight" rating for the company in a report on Monday. Bank of America decreased their price objective on Adient from $50.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Adient from $40.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.63.

Adient Stock Down 1.4 %

ADNT stock traded down $0.38 during trading hours on Tuesday, reaching $27.74. 1,292,751 shares of the stock were exchanged, compared to its average volume of 1,056,763. The firm's 50-day moving average is $31.57 and its 200-day moving average is $33.19. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.29 and a beta of 2.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91. Adient has a 12 month low of $26.97 and a 12 month high of $46.51.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.15. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities research analysts expect that Adient will post 2.53 earnings per share for the current year.

Insider Activity at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adient

Several hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of Adient in the third quarter valued at approximately $46,000. Partnership Wealth Management LLC acquired a new stake in shares of Adient in the fourth quarter valued at approximately $83,000. AM Squared Ltd bought a new position in Adient in the third quarter valued at approximately $106,000. Dark Forest Capital Management LP bought a new position in Adient in the third quarter valued at approximately $205,000. Finally, Handelsinvest Investeringsforvaltning bought a new position in Adient in the fourth quarter valued at approximately $207,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.