Adient (NYSE:ADNT) Given New $21.00 Price Target at Barclays

Adient (NYSE:ADNT) had its target price lowered by equities researchers at Barclays from $24.00 to $21.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 24.53% from the stock’s previous close.

ADNT has been the topic of several other reports. Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Finally, Morgan Stanley decreased their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.13.

Adient Trading Up 0.4 %

Shares of Adient stock opened at $16.86 on Wednesday. Adient has a 12-month low of $16.28 and a 12-month high of $36.04. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 73.32, a PEG ratio of 0.29 and a beta of 2.16. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $18.22 and its 200-day moving average price is $20.82.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts expect that Adient will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP James Conklin sold 11,500 shares of the 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 sale, the executive vice president now 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 SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Adient in the fourth quarter worth $32,000. KBC Group NV lifted its stake in Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after acquiring an additional 2,074 shares during the period. Harbor Capital Advisors Inc. lifted its position in Adient by 1.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 209,674 shares of the company’s stock valued at $3,613,000 after buying an additional 3,816 shares during the period. Versant Capital Management Inc lifted its position in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after buying an additional 1,857 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Adient by 36.5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock valued at $9,281,000 after buying an additional 109,850 shares during the period. Hedge funds and other 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.