Analysts Set Adient plc (NYSE:ADNT) Price Target at $42.43

Shares of Adient plc (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.43.

A number of equities analysts have recently issued reports on ADNT shares. Bank of America dropped their price target on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Finally, 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.

Adient Price Performance

ADNT opened at $27.41 on Friday. The company’s 50-day simple moving average is $31.82 and its two-hundred day simple moving average is $33.28. Adient has a 52-week low of $26.97 and a 52-week high of $46.51. The stock has a market capitalization of $2.50 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.29 and a beta of 2.39. 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 earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a net margin of 1.39% and a return on equity of 7.90%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, analysts predict that Adient will post 2.53 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the sale, 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 filing 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 Trading of Adient

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Adient during the third quarter valued at $46,000. Partnership Wealth Management LLC bought a new position in shares of Adient in the 4th quarter valued at about $83,000. AM Squared Ltd purchased a new position in Adient in the third quarter worth about $106,000. TFO Wealth Partners LLC increased its stake in Adient by 41,090.9% during the fourth quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock worth $1,650,000 after acquiring an additional 4,520 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Adient during the third quarter valued at approximately $205,000. 92.44% of the stock is currently owned by institutional investors.

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.