Adient PLC (ADNT) Price Target Raised to $85.00
Adient PLC (NASDAQ:ADNT) had its price target lifted by stock analysts at Barclays PLC to $85.00 in a research report issued on Friday, MarketBeat.com reports. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s target price would indicate a potential downside of 0.12% from the stock’s current price.
Several other research analysts have also recently weighed in on ADNT. ValuEngine raised Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Adient PLC in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. UBS AG upped their price objective on Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research raised Adient PLC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $70.42.
Shares of Adient PLC (NASDAQ:ADNT) opened at 85.10 on Friday. The firm’s market capitalization is $7.93 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42. The firm’s 50-day moving average price is $81.22 and its 200-day moving average price is $71.06.
Adient PLC (NASDAQ:ADNT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.02. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. Adient PLC’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. On average, equities analysts anticipate that Adient PLC will post $9.38 earnings per share for the current year.
In related news, Chairman R Bruce Mcdonald sold 4,607 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total transaction of $316,362.69. Following the completion of the transaction, the chairman now directly owns 4,818 shares of the company’s stock, valued at $330,852.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now directly owns 67,845 shares of the company’s stock, valued at $4,738,973.25. The disclosure for this sale can be found here.
About Adient PLC
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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