Adient (ADNT) Lowered to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Adient (NYSE:ADNT) from a neutral rating to an underweight rating in a report published on Monday morning. They currently have $74.00 target price on the stock, down from their previous target price of $86.00.

ADNT has been the subject of several other reports. Zacks Investment Research downgraded Adient from a buy rating to a hold rating in a research report on Monday, November 6th. Morgan Stanley upped their target price on Adient from $85.00 to $99.00 and gave the stock an overweight rating in a report on Tuesday, December 5th. Barclays upped their target price on Adient to $85.00 and gave the stock an equal weight rating in a report on Friday, October 20th. UBS Group lowered their target price on Adient from $98.00 to $95.00 and set a buy rating for the company in a report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a buy rating and issued a $96.00 price target on shares of Adient in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Adient currently has an average rating of Hold and an average target price of $80.30.

Adient (ADNT) traded up $0.80 during mid-day trading on Monday, hitting $72.74. The company had a trading volume of 2,487,200 shares, compared to its average volume of 1,744,807. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market cap of $6,697.61, a price-to-earnings ratio of 7.68, a PEG ratio of 0.67 and a beta of -0.25. Adient has a 1-year low of $59.10 and a 1-year high of $86.42.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.13. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. research analysts predict that Adient will post 10.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.51%. Adient’s payout ratio is currently 11.62%.

In related news, VP Cathleen A. Ebacher sold 9,184 shares of Adient stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total transaction of $720,025.60. Following the sale, the vice president now directly owns 38,187 shares in the company, valued at $2,993,860.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.49, for a total value of $5,318,246.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,525 shares of company stock worth $6,242,744. Corporate insiders own 0.14% of the company’s stock.

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Adient Company Profile

Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.

Analyst Recommendations for Adient (NYSE:ADNT)

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