Barclays Analysts Give Adient (NYSE:ADNT) a $19.00 Price Target

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.

Adient (NYSE:ADNT) last announced its earnings results on Friday, November 9th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.11 billion. Adient had a negative net margin of 9.66% and a positive return on equity of 13.51%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 earnings per share. On average, research analysts predict that Adient will post 4.36 earnings per share for the current fiscal year.

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.

About Adient

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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