Look At Analyst Expectations For A Better Read On Adient plc (NYSE: ADNT)


    Barrow, Hanley, Mewhinney & Strau. recently announced the acquisition of new stake in Adient plc (NYSE:ADNT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 55.13% to 4.33 million shares with purchase of 1.54 million shares. This fresh investment now brings its stake to 4.62% valued currently at $71.16 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.24 million to 3.71 million shares. And The Vanguard Group, Inc. has lifted its position by 13.49% or 0.39 million shares – to 3.24 million shares.

    With over 0.54 million Adient plc (ADNT) shares trading Monday and a closing price of $17.38 on the day, the dollar volume was approximately $9.38 million. The shares have shown a positive weekly performance of 3.39% and its price on 07/20/20 lost nearly -2.30%. Currently, there are 93.80M common shares owned by the public and among those 93.00M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for ADNT have a consensus price objective of $19.56. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $13.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Adient plc stock is 2.40 for the next 12 months. The average price target is 14.17% above its last price level and an upside to the estimated low will see the stock lose -33.69% over that period. But an upside of 30.48% will see the stock hit the forecast high price target while mean target price for the stock is $20.00.

    Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 492,051 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 35,046 shares.

    The top 3 mutual fund holders in Adient plc are iShares Core S&P Mid Cap ETF, American Beacon Small Cap Value F, and iShares Russell 2000 ETF. iShares Core S&P Mid Cap ETF owns 2.34 million shares of the company’s stock, all valued at over $38.41 million. iShares Russell 2000 ETF sold 46182.0 shares to bring its total holdings to over 1.82 million shares at a value of $29.86 million. iShares Russell 2000 ETF now owns shares totaling to 1.94% of the shares outstanding.

    Shares of Adient plc (NYSE: ADNT) opened at $17.70, down -$0.09 from a prior closing price of $17.79. However, the script later closed the day at $17.38, down -2.30%. The company’s stock has a 5-day price change of 3.39% and 61.67% over the past three months. ADNT shares are trading -18.21% year to date (YTD), with the 12-month market performance down to -20.93% lower. It has a 12-month low price of $5.90 and touched a high of $29.27 over the same period. Currently, 0.54 million shares have been traded, compared to an average intraday trading volume of 1.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.54%, 0.03%, and -8.75% respectively.

    Institutional ownership of Adient plc (NYSE: ADNT) shares accounts for 94.20% of the company’s 93.80M shares outstanding. Mutual fund holders own 38.78%, while other institutional holders and individual stakeholders account for 54.49% and 0.92% respectively.

    It has a market capitalization of $1.66B and a beta (3y monthly) value of 3.61. The earnings-per-share (ttm) stands at -$5.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.36% over the week and 5.93% over the month.

    Analysts forecast that Adient plc (ADNT) will achieve an EPS of -$2.07 for the current quarter, $0.09 for the next quarter and $1.91 for 2021. The lowest estimate earnings-per-share for the quarter is -$3.1 while analysts give the company a high EPS estimate of -$1.1. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 66.80%, and 575.00% over the next financial year. EPS should grow at an annualized rate of 25.76% over the next five years, compared to -29.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Adient plc (ADNT) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the ADNT, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on May 06, 2020, with the firm’s price target at $15-$20. KeyBanc Capital Markets coverage for the Adient plc (ADNT) stock in a research note released on May 06, 2020 offered a Overweight rating with a price target of. Deutsche Bank was of a view on April 21, 2020 that the stock is Buy, while Morgan Stanley gave the stock Equal-Weight rating on February 12, 2020, issuing a price target of $27. Buckingham Research on their part issued Neutral rating on February 03, 2020.


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