Adient (NYSE:ADNT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “
ADNT has been the topic of several other reports. Royal Bank of Canada cut their price objective on Adient from $96.00 to $89.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. ValuEngine raised Adient from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. UBS Group raised their price objective on Adient from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Robert W. Baird lowered Adient from an “outperform” rating to a “neutral” rating and set a $89.00 price objective on the stock. in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on Adient from $85.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $83.22.
Adient (NYSE ADNT) opened at $71.94 on Friday. Adient has a fifty-two week low of $59.10 and a fifty-two week high of $86.42. The firm has a market capitalization of $6,700.00 and a price-to-earnings ratio of 7.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.87.
Adient (NYSE:ADNT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.21 by $0.13. Adient had a return on equity of 22.48% and a net margin of 5.47%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the company posted $2.15 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. equities analysts forecast that Adient will post 10.09 EPS for the current fiscal year.
In other news, VP Cathleen A. Ebacher sold 9,184 shares of Adient stock in a transaction dated 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 of the company’s stock, valued at $2,993,860.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman R Bruce Mcdonald sold 67,757 shares of Adient stock in a transaction dated 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. Over the last ninety days, insiders have 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 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.
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