Adient (NYSE:ADNT – Get Free Report) JPMorgan Chase & Co. cut its price target from $31.00 to $27.00 in a research report published on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 28.63% from the company’s current price.
A number of other research firms have also commented on ADNT. Barclays cut their price target on shares of Adient from $29.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group cut their price target on Adient from $27.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company cut their price target on Adient from $33.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and gave the stock a $26.00 price target in a research report on Monday, July 1. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Adient from $32.00 to $30.00 and gave the company a “hold” rating in a report on Monday, May 6. One equities analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.38.
Get our latest stock analysis on Adient
Adient value for money
Adient shares traded $0.29 lower in midday trading on Thursday, reaching $20.99. 1,283,633 shares traded hands, compared to an average volume of 1,105,563. The stock has a market cap of $1.89 billion, a P/E ratio of 12.88, a PEG ratio of 0.46 and a beta of 2.19. The company has a 50-day moving average of $25.18 and a 200-day moving average of $29.53. Adient has a 52-week low of $20.18 and a 52-week high of $44.39. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.
Adient (NYSE:ADNT – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The company reported earnings per share of $0.32 for the quarter, missing the consensus estimate of $0.62 by ($0.30). Adient had a net margin of 1.04% and a return on equity of 8.72%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company reported earnings per share of $0.98. The company’s revenue for the quarter decreased 8.4% compared to the same quarter last year. On average, analysts forecast that Adient will report earnings per share of $2.14 for the current year.
Hedge funds comment on Adient
Several hedge funds have recently made changes to their holdings in ADNT. SummerHaven Investment Management LLC increased 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 buying an additional 310 shares in the last quarter. ProShare Advisors LLC increased its holdings in Adient by 2.0% in the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock valued at $688,000 after buying an additional 417 shares in the last quarter. CWM LLC increased its holdings in Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares during the same period. Verdence Capital Advisors LLC increased its holdings in Adient by 6.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company’s stock valued at $275,000 after purchasing an additional 501 shares in the last quarter. Finally, Watershed Asset Management LLC increased its stake in Adient by 8.2% in the fourth quarter. Watershed Asset Management LLC now owns 7,818 shares of the company’s stock valued at $284,000 after purchasing an additional 595 shares during the same period. 92.44% of the shares are currently owned by hedge funds and other institutional investors.
Adient Company Profile
(Get free report)
Adient plc is engaged in the design, development, manufacture and distribution 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, headrests, armrests and upholstery fabrics.
More stories
Get daily news and reviews for Adient – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Adient and related companies with MarketBeat.com’s FREE daily email newsletter.
