Adient plc (NYSE:ADNT) Receives $24.38 Consensus PT from Brokerages

Adient plc (NYSE:ADNT) has earned a consensus recommendation of “Reduce” from the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $23.50.

A number of brokerages have weighed in on ADNT. Morgan Stanley reduced their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 target price on shares of Adient in a report on Tuesday, September 10th. Bank of America cut Adient from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Wolfe Research initiated coverage on shares of Adient in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock.

Insider Buying and Selling

In other news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in Adient by 85.4% in the third quarter. Franklin Resources Inc. now owns 59,694 shares of the company’s stock valued at $1,305,000 after buying an additional 27,491 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Adient in the 3rd quarter worth about $357,000. Barclays PLC lifted its position in Adient by 127.0% in the 3rd quarter. Barclays PLC now owns 208,239 shares of the company’s stock valued at $4,701,000 after purchasing an additional 116,518 shares during the last quarter. State Street Corp boosted its stake in Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after purchasing an additional 158,017 shares during the period. Finally, Readystate Asset Management LP boosted its stake in Adient by 122.7% during the 3rd quarter. Readystate Asset Management LP now owns 24,330 shares of the company’s stock valued at $549,000 after purchasing an additional 13,406 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Performance

Adient stock opened at $17.61 on Friday. Adient has a fifty-two week low of $17.56 and a fifty-two week high of $37.19. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 76.57, a PEG ratio of 0.32 and a beta of 2.15. The stock has a fifty day moving average of $20.39 and a two-hundred day moving average of $22.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, analysts anticipate that Adient will post 2.04 EPS for the current fiscal year.

About Adient

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.