Fintel reports that on May 4, 2023, Barclays maintained coverage of Adient (NYSE:ADNT) with a Overweight recommendation.
Analyst Price Forecast Suggests 41.38% Upside
As of April 24, 2023, the average one-year price target for Adient is 48.52. The forecasts range from a low of 35.35 to a high of $63.00. The average price target represents an increase of 41.38% from its latest reported closing price of 34.32.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Adient is 14,729MM, a decrease of 0.12%. The projected annual non-GAAP EPS is 2.26.
What is the Fund Sentiment?
There are 610 funds or institutions reporting positions in Adient. This is an increase of 31 owner(s) or 5.35% in the last quarter. Average portfolio weight of all funds dedicated to ADNT is 0.20%, a decrease of 22.26%. Total shares owned by institutions increased in the last three months by 1.35% to 113,179K shares. 
The put/call ratio of ADNT is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 12,267K shares representing 12.86% ownership of the company. In it's prior filing, the firm reported owning 10,855K shares, representing an increase of 11.51%. The firm increased its portfolio allocation in ADNT by 34.14% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 4,868K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 4,239K shares, representing an increase of 12.92%. The firm increased its portfolio allocation in ADNT by 32.72% over the last quarter.
Hotchkis & Wiley Capital Management holds 4,632K shares representing 4.86% ownership of the company. In it's prior filing, the firm reported owning 4,794K shares, representing a decrease of 3.50%. The firm increased its portfolio allocation in ADNT by 7.92% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 3,975K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 3,061K shares, representing an increase of 22.98%. The firm increased its portfolio allocation in ADNT by 51.71% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 3,438K shares representing 3.60% ownership of the company. No change in the last quarter.
Adient Background Information
(This description is provided by the company.)
Adient is a global leader in automotive seating. With approximately 77,000 employees in 32 countries, Adient operates 202 manufacturing/assembly plants worldwide. Adient produces and delivers automotive seating for all major OEMs. From complete seating systems to individual components, Adient's expertise spans every step of the automotive seat-making process. Adient's integrated, in-house skills allow it to take its products from research and design to engineering and manufacturing - and into more than 19 million vehicles every year.
See all Adient regulatory filings.This story originally appeared on Fintel.
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