Adient plc (NYSE:ADNT) Receives $45.38 Average Target Price from Analysts

Posted by Defense World Staff on Aug 5th, 2023

Adient plc (NYSE:ADNT – Get Free Report) has received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $46.00.

Several equities research analysts have recently commented on ADNT shares. BNP Paribas lowered Adient from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 1st. TheStreet raised shares of Adient from a “c” rating to a “b” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Adient from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Wells Fargo & Company cut their target price on Adient from $48.00 to $45.00 in a research report on Monday, July 10th. Finally, StockNews.com raised Adient from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Adient Price Performance

NYSE:ADNT opened at $44.24 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a fifty day moving average of $39.14 and a 200 day moving average of $39.72. Adient has a 52-week low of $27.74 and a 52-week high of $47.50. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 36.56 and a beta of 2.78.

Adient (NYSE:ADNT – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.59. Adient had a return on equity of 8.41% and a net margin of 0.75%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, research analysts expect that Adient will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP James Conklin sold 909 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $45.00, for a total value of $40,905.00. Following the completion of the sale, the executive vice president now owns 18,021 shares in the company, valued at $810,945. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Adient

Hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC bought a new position in Adient in the 4th quarter worth about $30,000. WealthPlan Investment Management LLC increased its holdings in Adient by 782.8% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,024 shares of the company’s stock worth $100,000 after acquiring an additional 908 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Adient by 32.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,091 shares of the company’s stock valued at $38,000 after buying an additional 268 shares in the last quarter. Blue Chip Partners LLC purchased a new stake in Adient during the 2nd quarter valued at approximately $117,000. Finally, US Bancorp DE grew its holdings in Adient by 13.1% during the 1st quarter. US Bancorp DE now owns 3,916 shares of the company’s stock valued at $160,000 after buying an additional 454 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors.

About Adient

(Get Free Report

Adient plc, an investment holding company, 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.