Royal Bank Of Canada Cuts Adient PLC (ADNT) Price Target to $89.00
Adient PLC (NASDAQ:ADNT) had its price objective reduced by investment analysts at Royal Bank Of Canada from $96.00 to $89.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock.
ADNT has been the topic of a number of other research reports. Zacks Investment Research upgraded Adient PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. UBS AG lifted their price target on Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 19th. ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Robert W. Baird reiterated a “buy” rating on shares of Adient PLC in a report on Tuesday, October 17th. Finally, Barclays PLC increased their price objective on Adient PLC to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.73.
Adient PLC (NASDAQ:ADNT) last announced its earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.16. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the firm earned $2.15 earnings per share. Adient PLC’s revenue for the quarter was up 1.2% compared to the same quarter last year.
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In other news, Director Raymond L. Conner bought 3,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the acquisition, the director now owns 5,270 shares in the company, valued at $389,505.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now owns 67,845 shares of the company’s stock, valued at approximately $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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