Adient (NYSE:ADNT) Price Target Lowered to $37.00 at JPMorgan Chase & Co.

Adient (NYSE:ADNT) had its price objective cut by JPMorgan Chase & Co. from $40.00 to $37.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 27.81% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays restated an “equal weight” rating and set a $37.00 price objective (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Wells Fargo & Company lowered their price objective on Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Finally, Bank of America lowered their price objective on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.43.

Adient Stock Down 0.1 %

ADNT opened at $28.95 on Monday. Adient has a twelve month low of $27.73 and a twelve month high of $46.51. The firm has a market cap of $2.64 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.30 and a beta of 2.51. The business has a 50 day moving average price of $32.57 and a 200 day moving average price of $33.65. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.91 and a current ratio of 1.15.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). Adient had a return on equity of 7.90% and a net margin of 1.39%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts forecast that Adient will post 2.57 EPS for the current 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 on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Adient

Several hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Adient in the third quarter worth about $46,000. Partnership Wealth Management LLC bought a new position in shares of Adient during the fourth quarter worth about $83,000. AM Squared Ltd bought a new position in shares of Adient during the third quarter worth about $106,000. Dark Forest Capital Management LP bought a new position in shares of Adient during the third quarter worth about $205,000. Finally, Handelsinvest Investeringsforvaltning bought a new position 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.