Adient (NYSE:ADNT) Given New $17.00 Price Target at Morgan Stanley

Adient (NYSE:ADNT) had its price target cut by Morgan Stanley from $19.00 to $17.00 in a report published on Monday,Benzinga reports. They currently have an underweight rating on the stock.

ADNT has been the subject of several other research reports. UBS Group lifted their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays decreased their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Adient has a consensus rating of “Hold” and an average price target of $21.63.

Adient Price Performance

ADNT stock opened at $14.69 on Monday. Adient has a 1 year low of $14.60 and a 1 year high of $35.94. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 734.50, a P/E/G ratio of 0.34 and a beta of 2.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The company has a 50 day simple moving average of $17.13 and a 200 day simple moving average of $19.53.

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 the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter last year, the firm earned $0.31 earnings per share. Research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Adient

Several institutional investors and hedge funds have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after purchasing an additional 442,200 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after buying an additional 5,130,969 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after buying an additional 803,961 shares in the last quarter. State Street Corp lifted its holdings in shares of Adient by 4.8% in the third quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after buying an additional 158,017 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Adient by 22.0% during the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock worth $24,364,000 after acquiring an additional 254,951 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

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.