Adient (NYSE:ADNT) Price Target Lowered to $24.00 at Barclays

Adient (NYSE:ADNT) had its target price cut by Barclays from $29.00 to $24.00 in a report issued on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on ADNT. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Adient from $32.00 to $30.00 and set a hold rating for the company in a report on Monday, May 6th. Wells Fargo & Company decreased their target price on shares of Adient from $33.00 to $32.00 and set an overweight rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on Adient from $32.00 to $31.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Morgan Stanley decreased their target price on Adient from $35.00 to $32.00 and set an underweight rating on the stock in a research report on Friday, May 10th. Finally, Bank of America dropped their target price on shares of Adient from $42.00 to $40.00 and set a buy rating for the company in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Adient has a consensus rating of Hold and an average target price of $29.38.

Adient Stock Down 1.4 %

Shares of NYSE:ADNT traded down $0.29 during midday trading on Thursday, reaching $20.99. The company had a trading volume of 1,283,531 shares, compared to its average volume of 1,105,563. Adient has a 1-year low of $20.18 and a 1-year high of $44.39. The stock has a market cap of $1.89 billion, a PE ratio of 12.88, a P/E/G ratio of 0.46 and a beta of 2.19. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average price is $25.18 and its 200 day moving average price is $29.53.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Research analysts forecast that Adient will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its holdings in Adient by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company’s stock valued at $630,000 after acquiring an additional 310 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Adient by 2.0% during the first quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock worth $688,000 after buying an additional 417 shares during the period. CWM LLC increased its position in shares of Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares during the period. Verdence Capital Advisors LLC raised its stake in Adient by 6.4% during the first quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company’s stock worth $275,000 after buying an additional 501 shares during the last quarter. Finally, Watershed Asset Management L.L.C. lifted its holdings in Adient by 8.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company’s stock valued at $284,000 after buying an additional 595 shares during the period. 92.44% of the stock is owned by institutional investors.

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.