Adient (NYSE:ADNT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Adient (NYSE:ADNT) had its price target lifted by Morgan Stanley from $16.00 to $17.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also issued reports on ADNT. Wells Fargo & Company raised their target price on shares of Adient from $18.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Cfra Research upgraded shares of Adient from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 7th. Bank of America lifted their target price on shares of Adient from $15.00 to $17.50 and gave the company an “underperform” rating in a research report on Monday, June 16th. Citigroup initiated coverage on shares of Adient in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Adient from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.06.

Adient Price Performance

Shares of NYSE:ADNT opened at $22.92 on Tuesday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $24.25. The business has a 50-day moving average of $20.78 and a two-hundred day moving average of $16.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. The stock has a market capitalization of $1.86 billion, a P/E ratio of -8.65, a P/E/G ratio of 0.76 and a beta of 1.72.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mariner LLC grew its stake in shares of Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after purchasing an additional 801 shares during the last quarter. Covestor Ltd lifted its holdings in Adient by 15.2% in the first quarter. Covestor Ltd now owns 6,984 shares of the company’s stock valued at $90,000 after buying an additional 922 shares during the period. Yousif Capital Management LLC lifted its holdings in Adient by 3.1% in the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock valued at $727,000 after buying an additional 1,114 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Adient by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company’s stock valued at $670,000 after buying an additional 1,204 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock valued at $29,000 after buying an additional 1,367 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.