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

Adient (NYSE:ADNT) had its target price trimmed by Stifel Nicolaus from $26.00 to $21.00 in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on ADNT. BNP Paribas Exane raised shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised Adient from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $28.00 to $25.00 in a report on Tuesday, September 15th. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $28.00 price target on shares of Adient in a report on Thursday, August 6th. Finally, UBS Group decreased their price target on Adient from $29.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.90.

Adient Stock Down 1.9%

ADNT opened at $17.60 on Monday. The company has a fifty day moving average of $18.45 and a two-hundred day moving average of $20.05. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.23 and a beta of 1.60. Adient has a fifty-two week low of $16.51 and a fifty-two week high of $27.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). Adient had a net margin of 0.32% and a return on equity of 7.32%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that Adient will post 2.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Peter Carlin sold 7,843 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the transaction, the director owned 38,835 shares of the company’s stock, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Adient during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC increased its position in shares of Adient by 126.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company’s stock worth $31,000 after purchasing an additional 1,026 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Adient in the 2nd quarter valued at about $94,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Adient by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after purchasing an additional 705 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

Adient plc (NYSE: ADNT) is a global supplier of automotive seating systems and components. The company develops and manufactures complete vehicle seating solutions, including seats, seat structures, mechanisms, foam, trim, fabrics, and related technologies designed for passenger vehicles and commercial vehicles.

Adient serves automakers and automotive manufacturers across major vehicle-producing regions, including North America, Europe and Asia. Its products are supplied for a broad range of vehicle platforms, from traditional passenger cars and trucks to sport utility vehicles and electric vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business and is headquartered in Dublin, Ireland, with operations and engineering capabilities located around the world.