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

Adient (NYSE:ADNT) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Monday, January 22nd, MarketBeat reports. They currently have a $74.00 price objective on the stock, down from their prior price objective of $86.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 16.21% from the stock’s current price.

Several other brokerages have also issued reports on ADNT. Robert W. Baird dropped their target price on Adient from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research lowered Adient from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Guggenheim reiterated a “hold” rating and issued a $90.00 price target on shares of Adient in a report on Wednesday, January 10th. Barclays reiterated a “hold” rating and issued a $71.00 price target on shares of Adient in a report on Sunday, January 21st. Finally, ValuEngine raised shares of Adient from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.09.

Shares of Adient (ADNT) opened at $63.68 on Monday. Adient has a twelve month low of $59.10 and a twelve month high of $86.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.83. The stock has a market capitalization of $5,930.00 and a PE ratio of 11.71.

Adient (NYSE:ADNT) last issued its earnings results on Monday, January 29th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.79). Adient had a return on equity of 18.72% and a net margin of 3.19%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts anticipate that Adient will post 7.51 EPS for the current fiscal year.

In related news, Director Frederick A. Henderson purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $61.78 per share, with a total value of $247,120.00. Following the purchase, the director now owns 5,715 shares of the company’s stock, valued at approximately $353,072.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Cathleen A. Ebacher sold 9,184 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total transaction of $720,025.60. Following the completion of the transaction, the vice president now directly owns 38,187 shares in the company, valued at $2,993,860.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,525 shares of company stock worth $6,242,744. Corporate insiders own 0.70% 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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