Adient (NYSE:ADNT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Adient (NYSE:ADNT - Free Report) had its price target increased by Wells Fargo & Company from $14.00 to $17.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also commented on ADNT. JPMorgan Chase & Co. lowered their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Citigroup assumed coverage on shares of Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. UBS Group upped their price objective on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Adient currently has an average rating of "Hold" and a consensus price target of $18.22.

Adient Trading Down 1.9%

Shares of Adient stock traded down $0.28 during trading on Monday, reaching $14.72. The company's stock had a trading volume of 1,170,686 shares, compared to its average volume of 1,419,699. The firm's 50-day moving average is $13.03 and its two-hundred day moving average is $16.00. Adient has a 52-week low of $10.04 and a 52-week high of $28.48. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 735.90, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the business posted $0.54 EPS. The firm's revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ADNT. Point72 Hong Kong Ltd purchased a new position in Adient during the 4th quarter valued at about $25,000. Brooklyn Investment Group lifted its position in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after acquiring an additional 2,124 shares during the period. GAMMA Investing LLC lifted its position in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after acquiring an additional 1,367 shares during the period. R Squared Ltd purchased a new position in Adient during the 4th quarter valued at about $32,000. Finally, IFP Advisors Inc lifted its position in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.