Adient (NYSE:ADNT) Given New $20.00 Price Target at UBS Group

Adient (NYSE:ADNT) had its target price hoisted by UBS Group from $19.00 to $20.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Barclays reduced their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their target price on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley reduced their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.88.

Adient Price Performance

NYSE:ADNT opened at $17.44 on Wednesday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 872.00, a P/E/G ratio of 0.33 and a beta of 2.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.90 and a current ratio of 1.08. The stock has a fifty day moving average of $17.96 and a 200 day moving average of $20.54. Adient has a 52-week low of $16.28 and a 52-week high of $36.04.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the previous year, the business posted $0.31 EPS. On average, research analysts expect that Adient will post 1.93 EPS for the current fiscal year.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Trading of Adient

Several large investors have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in Adient by 26.5% in the 2nd quarter. Sei Investments Co. now owns 64,752 shares of the company’s stock worth $1,600,000 after buying an additional 13,546 shares during the period. AQR Capital Management LLC increased its stake in shares of Adient by 10.9% during the second quarter. AQR Capital Management LLC now owns 625,500 shares of the company’s stock valued at $15,419,000 after buying an additional 61,665 shares during the period. Algert Global LLC bought a new position in shares of Adient during the second quarter valued at approximately $227,000. Creative Planning lifted its stake in Adient by 44.2% in the second quarter. Creative Planning now owns 15,417 shares of the company’s stock worth $381,000 after acquiring an additional 4,728 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in Adient by 44.1% in the third quarter. Handelsbanken Fonder AB now owns 28,760 shares of the company’s stock valued at $649,000 after acquiring an additional 8,800 shares in the last quarter. 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.