Adient (NYSE:ADNT) Price Target Lowered to $21.00 at Barclays

Adient (NYSE:ADNT) had its price target trimmed by Barclays from $24.00 to $21.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently commented on ADNT. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Morgan Stanley lowered their target price on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. Finally, Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.13.

Adient Trading Down 3.7 %

ADNT opened at $16.82 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The stock’s 50 day moving average price is $18.22 and its 200-day moving average price is $20.82. Adient has a one year low of $16.28 and a one year high of $36.04. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 73.11, a P/E/G ratio of 0.29 and a beta of 2.16.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. Adient’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. On average, equities analysts forecast that Adient will post 2.04 EPS for the current year.

Insider Activity

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

Institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd increased its holdings in Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares during the period. KBC Group NV raised its stake in shares of Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after buying an additional 1,588 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after buying an additional 1,633 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after buying an additional 1,822 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.