why Adient plc [ADNT] is a Good Choice for Investors After New Price Target of $37.90

Adient plc [NYSE: ADNT] slipped around -1.39 points on Friday, while shares priced at $35.11 at the close of the session, down -3.81%. The company report on January 7, 2021 that Adient to discuss Q1 fiscal 2021 financial results on Feb. 5, 2021.

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Adient (NYSE: ADNT), a global leader in automotive seating, will host a call for financial analysts on Feb. 5, 2021 at 8:30 a.m. (ET) to discuss its first quarter fiscal 2021 financial results. The call will be hosted by Adient’s president and chief executive officer, Douglas Del Grosso, and executive vice president and chief financial officer, Jeff Stafeil.

A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com/). A replay will be available at the same site.

Adient plc stock is now 0.98% up from its year-to-date (YTD) trading value. ADNT Stock saw the intraday high of $36.12 and lowest of $34.30 per share. The company’s 52-week high price is 38.26, which means current price is +5.78% above from all time high which was touched on 01/07/21.

Compared to the average trading volume of 972.91K shares, ADNT reached a trading volume of 949664 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Adient plc [ADNT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADNT shares is $37.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADNT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Adient plc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 17, 2020. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $26 to $33. The new note on the price target was released on November 11, 2020, representing the official price target for Adient plc stock.

The Average True Range (ATR) for Adient plc is set at 1.50, with the Price to Sales ratio for ADNT stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 2.72, with the Price to Cash per share for the same quarter was set at 17.33.

How has ADNT stock performed recently?

Adient plc [ADNT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.59. With this latest performance, ADNT shares dropped by -3.44% in over the last four-week period, additionally plugging by 97.36% over the last 6 months – not to mention a rise of 60.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADNT stock in for the last two-week period is set at 50.92, with the RSI for the last a single of trading hit 44.33, and the three-weeks RSI is set at 55.17 for Adient plc [ADNT]. The present Moving Average for the last 50 days of trading for this stock 32.84, while it was recorded at 36.39 for the last single week of trading, and 21.16 for the last 200 days.

Adient plc [ADNT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Adient plc [ADNT] shares currently have an operating margin of +0.54 and a Gross Margin at +4.83. Adient plc’s Net Margin is presently recorded at -4.32.

Return on Total Capital for ADNT is now 1.13, given the latest momentum, and Return on Invested Capital for the company is -9.85. Return on Equity for this stock declined to -35.74, with Return on Assets sitting at -5.31. When it comes to the capital structure of this company, Adient plc [ADNT] has a Total Debt to Total Equity ratio set at 383.02. Additionally, ADNT Total Debt to Total Capital is recorded at 79.30, with Total Debt to Total Assets ending up at 45.28. Long-Term Debt to Equity for the company is recorded at 357.87, with the Long-Term Debt to Total Capital now at 74.09.

Reflecting on the efficiency of the workforce at the company, Adient plc [ADNT] managed to generate an average of -$7,104 per employee. Receivables Turnover for the company is 7.15 with a Total Asset Turnover recorded at a value of 1.23.Adient plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Earnings analysis for Adient plc [ADNT]

With the latest financial reports released by the company, Adient plc posted 0.96/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 182.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Adient plc go to 34.57%.

Insider trade positions for Adient plc [ADNT]

There are presently around $2,976 million, or 93.60% of ADNT stock, in the hands of institutional investors. The top three institutional holders of ADNT stocks are: BLACKROCK INC. with ownership of 9,803,638, which is approximately -2.707% of the company’s market cap and around 0.70% of the total institutional ownership; LYRICAL ASSET MANAGEMENT LP, holding 5,312,276 shares of the stock with an approximate value of $186.51 million in ADNT stocks shares; and BARROW HANLEY MEWHINNEY & STRAUSS LLC, currently with $144.22 million in ADNT stock with ownership of nearly -3.158% of the company’s market capitalization.

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Positions in Adient plc stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 111 institutional holders increased their position in Adient plc [NYSE:ADNT] by around 8,726,390 shares. Additionally, 126 investors decreased positions by around 13,719,997 shares, while 74 investors held positions by with 62,323,722 shares. The mentioned changes placed institutional holdings at 84,770,109 shares, according to the latest SEC report filing. ADNT stock had 37 new institutional investments in for a total of 2,897,743 shares, while 39 institutional investors sold positions of 7,793,384 shares during the same period.

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