Stifel Nicolaus Lowers Adient (NYSE:ADNT) Price Target to $26.00

Key Points

• Stifel Nicolaus cut its price target on Adient from $30 to $26 while maintaining a buy rating, with the new target implying roughly a 25.5% upside from the current share price.
• Analyst coverage is mixed—four analysts rate Adient buy, six hold and two sell—resulting in a MarketBeat consensus price target of $27.44 and an average rating of hold.
• Adient recently beat quarterly estimates, reporting $0.35 EPS versus a $0.19 consensus and $3.64 billion in revenue (up 4.3% year-over-year), although the company still posted a negative net margin (-2.06%).

Adient (NYSE:ADNT - Get Free Report) had its price objective cut by analysts at Stifel Nicolaus from $30.00 to $26.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 25.54% from the stock's current price.

ADNT has been the subject of several other research reports. Weiss Ratings restated a "sell (d)" rating on shares of Adient in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded Adient from a "hold" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Thursday, February 5th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Barclays cut their target price on Adient from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, March 30th. Finally, Citigroup lifted their price target on Adient from $22.50 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Adient presently has an average rating of "Hold" and a consensus price target of $27.44.

Adient Stock Performance

ADNT traded up $0.05 during trading hours on Tuesday, hitting $20.71. The stock had a trading volume of 45,845 shares, compared to its average volume of 1,053,134. The company's fifty day simple moving average is $22.46 and its 200 day simple moving average is $21.60. Adient has a 1 year low of $10.39 and a 1 year high of $27.32. The stock has a market cap of $1.62 billion, a PE ratio of -5.74, a price-to-earnings-growth ratio of 0.45 and a beta of 1.55. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.16. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the firm posted $0.27 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

A number of hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company's stock worth $27,000 after purchasing an additional 439 shares during the period. Leonteq Securities AG purchased a new position in shares of Adient during the fourth quarter valued at approximately $30,000. Quarry LP grew its stake in Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company's stock worth $55,000 after purchasing an additional 1,431 shares during the period. Raymond James Financial Inc. purchased a new stake in Adient in the second quarter worth $63,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Adient in the fourth quarter worth $64,000. Institutional investors 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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