Robert W. Baird cut shares of Adient (NYSE:ADNT) from an outperform rating to a neutral rating in a report released on Wednesday, January 17th. They currently have $89.00 price objective on the stock.
Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on Adient to $85.00 and gave the stock an equal weight rating in a research note on Friday, October 20th. Guggenheim restated a hold rating and issued a $90.00 price target on shares of Adient in a research note on Wednesday, January 10th. Longbow Research began coverage on Adient in a research note on Friday, January 5th. They issued a neutral rating for the company. Zacks Investment Research cut Adient from a buy rating to a hold rating in a research report on Monday, November 6th. Finally, UBS Group reduced their price objective on Adient from $98.00 to $95.00 and set a buy rating for the company in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $72.09.
Shares of Adient (ADNT) traded up $3.21 during trading hours on Wednesday, reaching $63.91. The company’s stock had a trading volume of 1,765,298 shares, compared to its average volume of 1,826,445. The stock has a market capitalization of $5,666.46, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.76 and a beta of -2.76. Adient has a 1-year low of $59.10 and a 1-year high of $86.42. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.78.
Adient (NYSE:ADNT) last posted its quarterly earnings results on Monday, January 29th. The company reported $1.06 earnings per share 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 business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. sell-side analysts predict that Adient will post 7.51 EPS for the current fiscal year.
In other Adient news, VP Cathleen A. Ebacher sold 2,584 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $79.13, for a total transaction of $204,471.92. Following the completion of the sale, the vice president now owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were 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. In the last quarter, insiders have sold 79,525 shares of company stock valued at $6,242,744. 0.70% of the stock is owned by company insiders.
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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.
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