Adient (NYSE:ADNT) received a $19.00 target price from equities researchers at Barclays in a note issued to investors on Friday, January 4th. The firm presently has a “hold” rating on the stock. Barclays‘s price target suggests a potential upside of 5.26% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Robert W. Baird downgraded shares of Adient from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $25.00 to $14.00 in a research note on Friday, January 4th. Deutsche Bank started coverage on shares of Adient in a research note on Thursday, December 13th. They issued a “hold” rating for the company. KeyCorp started coverage on shares of Adient in a report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target on the stock. Morgan Stanley cut their price target on shares of Adient from $43.00 to $20.00 and set a “sell” rating on the stock in a report on Wednesday, November 14th. Finally, Royal Bank of Canada cut their price target on shares of Adient to $21.00 and set a “sector perform” rating on the stock in a report on Monday, November 12th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.92.
ADNT opened at $18.05 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 1.26. Adient has a 52-week low of $14.52 and a 52-week high of $84.08. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 3.21, a price-to-earnings-growth ratio of 0.36 and a beta of 1.67.
Several large investors have recently modified their holdings of ADNT. Retirement Systems of Alabama bought a new position in shares of Adient during the third quarter worth about $4,411,000. Paloma Partners Management Co bought a new position in shares of Adient during the third quarter worth about $1,798,000. American Century Companies Inc. bought a new position in shares of Adient during the second quarter worth about $2,292,000. Soapstone Management L.P. grew its position in shares of Adient by 11.8% during the second quarter. Soapstone Management L.P. now owns 95,000 shares of the company’s stock worth $4,673,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Adient by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 920,173 shares of the company’s stock worth $36,172,000 after acquiring an additional 47,876 shares during the last quarter. 97.85% of the stock is currently owned by institutional investors.
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
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