UBS Group Trims Adient (NYSE:ADNT) Target Price to $27.00

Adient (NYSE:ADNT) had its target price cut by UBS Group from $31.00 to $27.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Adient from $32.00 to $30.00 and set a hold rating for the company in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $40.00 to $37.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Barclays dropped their price objective on shares of Adient from $37.00 to $34.00 and set an equal weight rating for the company in a research report on Tuesday, May 7th. Bank of America decreased their target price on shares of Adient from $50.00 to $46.00 and set a buy rating for the company in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company decreased their target price on shares of Adient from $33.00 to $32.00 and set an overweight rating for the company in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $36.22.

Adient Price Performance

Adient stock opened at $24.07 on Wednesday. Adient has a 1 year low of $22.93 and a 1 year high of $46.51. The firm has a 50 day moving average price of $26.67 and a 200 day moving average price of $30.85. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.31 and a beta of 2.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Adient’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts predict that Adient will post 2.26 earnings per share for the current year.

Insider Buying and Selling at Adient

In other Adient news, Director Peter Carlin sold 4,207 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the transaction, the director now directly owns 28,352 shares in the company, valued at approximately $819,372.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADNT. CWM LLC lifted its position in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Adient in the 4th quarter worth about $83,000. Covestor Ltd lifted its position in shares of Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after buying an additional 2,210 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Adient in the 1st quarter worth about $135,000. Finally, Headlands Technologies LLC bought a new position in shares of Adient in the 1st quarter worth about $159,000. 92.44% of the stock is currently owned by institutional investors.

About Adient

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.