Adient (NYSE:ADNT) has been given a $60.00 target price by equities researchers at Susquehanna Bancshares in a report issued on Wednesday, March 14th. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 6.13% from the stock’s current price.
A number of other research analysts also recently commented on ADNT. UBS lowered their price target on shares of Adient from $96.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, January 25th. ValuEngine downgraded shares of Adient from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Barclays decreased their price objective on shares of Adient from $71.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Guggenheim set a $64.00 price objective on shares of Adient and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, Robert W. Baird downgraded shares of Adient from an “outperform” rating to a “neutral” rating and set a $89.00 price objective for the company. in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $71.58.
Shares of NYSE ADNT traded down $0.36 during midday trading on Wednesday, hitting $63.92. 750,158 shares of the stock traded hands, compared to its average volume of 662,743. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.83. The stock has a market capitalization of $6,000.66, a price-to-earnings ratio of 6.84, a PEG ratio of 0.71 and a beta of -0.38. Adient has a one year low of $57.40 and a one year high of $86.42.
Adient (NYSE:ADNT) last posted its quarterly earnings data on Monday, January 29th. The company reported $1.06 EPS for the quarter, missing the 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 company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the company earned $2.12 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. equities research analysts anticipate that Adient will post 7.51 EPS for the current year.
In other Adient news, Director Frederick A. Henderson bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $61.78 per share, for a total transaction of $247,120.00. Following the completion of the transaction, the director now directly owns 5,715 shares of the company’s stock, valued at approximately $353,072.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick A. Henderson bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $60.50 per share, with a total value of $60,500.00. Following the completion of the transaction, the director now directly owns 6,715 shares of the company’s stock, valued at $406,257.50. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Adient stock. Elkfork Partners LLC acquired a new position in Adient (NYSE:ADNT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,480 shares of the company’s stock, valued at approximately $195,000. 91.87% of the stock is owned by institutional investors.
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Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.
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