Adient (NYSE:ADNT) PT Lowered to $34.00

Adient (NYSE:ADNT) had its price target lowered by research analysts at Barclays from $37.00 to $34.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 19.13% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Monday. Bank of America reduced their target price on shares of 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. reduced their target price on shares of Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Adient from $38.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient has a consensus rating of “Hold” and an average target price of $39.63.

Adient Trading Up 2.9 %

ADNT stock opened at $28.54 on Tuesday. The company has a market capitalization of $2.60 billion, a PE ratio of 17.51, 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. The company’s 50 day moving average price is $31.47 and its two-hundred day moving average price is $33.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13.

Adient (NYSE:ADNT) last issued its earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, analysts predict that Adient will post 2.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of the transaction, the executive vice president now owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

Large investors have recently modified their holdings of the company. New York State Teachers Retirement System increased its position in Adient by 7.5% during the third quarter. New York State Teachers Retirement System now owns 112,763 shares of the company’s stock valued at $4,138,000 after acquiring an additional 7,899 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Adient by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock valued at $287,000 after acquiring an additional 368 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Adient by 9.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,891 shares of the company’s stock valued at $693,000 after purchasing an additional 1,684 shares during the period. Strs Ohio bought a new stake in Adient during the third quarter valued at about $1,148,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Adient by 1.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock valued at $1,562,000 after purchasing an additional 571 shares during the period. 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.