Adient (NYSE:ADNT) PT Raised to $59.00

Adient (NYSE:ADNT) had its price objective boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $50.00 to $59.00 in a research report issued to clients and investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 17.18% from the company’s previous close.

A number of other equities analysts also recently commented on ADNT. Barclays downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $50.00 to $43.00 in a research note on Thursday, December 16th. TheStreet raised shares of Adient from a “d+” rating to a “c” rating in a research note on Wednesday, October 13th. Finally, Zacks Investment Research downgraded shares of Adient from a “hold” rating to a “strong sell” rating and set a $38.00 price target on the stock. in a research note on Monday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Adient has a consensus rating of “Hold” and an average price target of $47.80.

Shares of ADNT stock opened at $50.35 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.45 and a quick ratio of 1.17. The firm’s 50-day moving average is $46.53 and its two-hundred day moving average is $42.89. Adient has a 12 month low of $30.47 and a 12 month high of $53.17. The company has a market capitalization of $4.75 billion, a PE ratio of 4.35, a price-to-earnings-growth ratio of 0.61 and a beta of 3.02.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, November 10th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.41. Adient had a net margin of 8.10% and a return on equity of 9.75%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. Sell-side analysts forecast that Adient will post 2.04 EPS for the current year.

In related news, EVP Jerome J. Dorlack sold 7,800 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $46.95, for a total transaction of $366,210.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ADNT. Capital World Investors increased its stake in Adient by 440.0% during the 3rd quarter. Capital World Investors now owns 6,098,847 shares of the company’s stock worth $252,797,000 after buying an additional 4,969,447 shares during the period. FMR LLC grew its holdings in Adient by 43.6% during the 2nd quarter. FMR LLC now owns 11,835,746 shares of the company’s stock worth $534,976,000 after acquiring an additional 3,595,916 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in Adient during the 2nd quarter worth approximately $54,184,336,000. Franklin Resources Inc. acquired a new position in Adient during the 3rd quarter worth approximately $63,445,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Adient by 1,443.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 674,412 shares of the company’s stock worth $30,483,000 after acquiring an additional 630,730 shares in the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

Adient plc manufactures automotive seating systems. The firm’s products include complete seats, commercial vehicle seats, structures and mechanisms, foam, fabrics, and trim. It operates through the following geographical segments: Americas, EMEA and Asia. The company was founded in 1985 and is headquartered in Dublin, Ireland.

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