Adient (NYSE:ADNT)‘s stock had its “hold” rating restated by equities researchers at Barclays in a report issued on Sunday, January 21st. They presently have a $71.00 price target on the stock. Barclays’ price objective points to a potential upside of 11.09% from the stock’s previous close.
A number of other analysts have also issued reports on ADNT. Zacks Investment Research upgraded Adient from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and issued a $96.00 target price on shares of Adient in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient in a research note on Tuesday, October 17th. Longbow Research began coverage on Adient in a research note on Friday, January 5th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley upped their target price on Adient from $85.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.09.
Shares of Adient (NYSE:ADNT) opened at $63.91 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.02. Adient has a one year low of $59.10 and a one year high of $86.42. The stock has a market capitalization of $5,666.46, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.76 and a beta of -2.76.
Adient (NYSE:ADNT) last released its quarterly earnings data on Monday, January 29th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.79). Adient had a net margin of 3.19% and a return on equity of 18.72%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the firm posted $2.12 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts anticipate that Adient will post 7.51 earnings per share for the current year.
In other news, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total value of $720,025.60. Following the completion of the transaction, the vice president now directly owns 38,187 shares in the company, valued at approximately $2,993,860.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick A. Henderson acquired 4,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $61.78 per share, with a total value of $247,120.00. Following the completion of the acquisition, the director now directly owns 5,715 shares in the company, valued at approximately $353,072.70. The disclosure for this purchase can be found here. Insiders sold a total of 79,525 shares of company stock worth $6,242,744 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.
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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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