Wells Fargo & Company Trims Adient (NYSE:ADNT) Target Price to $33.00

Adient (NYSE:ADNT) had its price objective reduced by Wells Fargo & Company from $38.00 to $33.00 in a research note published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on ADNT. Barclays restated an equal weight rating and set a $37.00 target price (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Bank of America decreased their target price on shares of Adient from $50.00 to $46.00 and set a buy rating for the company in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Adient from $40.00 to $37.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Adient presently has a consensus rating of Hold and a consensus price target of $39.63.

Adient Trading Up 2.9 %

NYSE:ADNT opened at $28.54 on Monday. Adient has a 12 month low of $26.97 and a 12 month high of $46.51. The firm has a fifty day simple moving average of $31.47 and a 200-day simple moving average of $33.16. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.60 billion, a P/E ratio of 17.51, a PEG ratio of 0.29 and a beta of 2.39.

Adient (NYSE:ADNT) last posted its quarterly earnings data 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 business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Adient will post 2.53 earnings per share for the current year.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were 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 in the company, valued at $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Adient during the third quarter worth about $46,000. Partnership Wealth Management LLC purchased a new stake in shares of Adient during the fourth quarter worth about $83,000. AM Squared Ltd purchased a new stake in shares of Adient during the third quarter worth about $106,000. Dark Forest Capital Management LP purchased a new stake in shares of Adient during the third quarter worth about $205,000. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Adient during the fourth quarter worth about $207,000. Institutional investors and hedge funds 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.