UBS Group Raises Adient (NYSE:ADNT) Price Target to $20.00

Adient (NYSE:ADNT) had its price objective increased by research analysts at UBS Group from $19.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 9.58% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley lowered their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays lowered their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.88.

Adient Stock Performance

Shares of Adient stock opened at $18.25 on Wednesday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 79.36, a PEG ratio of 0.28 and a beta of 2.16. The firm’s 50-day moving average is $18.00 and its 200 day moving average is $20.59. Adient has a 1 year low of $16.28 and a 1 year high of $36.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a return on equity of 6.86% and a net margin of 0.12%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Sell-side analysts anticipate that Adient will post 2.04 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Adient

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Adient by 5.1% during the 4th quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock valued at $5,339,000 after acquiring an additional 15,109 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Adient during the fourth quarter valued at $1,670,000. R Squared Ltd purchased a new position in Adient in the fourth quarter valued at about $32,000. KBC Group NV grew its stake in Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock valued at $93,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Adient by 1.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 209,674 shares of the company’s stock valued at $3,613,000 after purchasing an additional 3,816 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other 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.