UBS Group AG (USA) Cuts Adient PLC (ADNT) Price Target to $95.00
Adient PLC (NASDAQ:ADNT) had its price objective reduced by investment analysts at UBS Group AG (USA) from $98.00 to $95.00 in a report issued on Friday, www.benzinga.com reports. The brokerage currently has a “buy” rating on the stock. UBS Group AG (USA)’s price objective indicates a potential upside of 20.71% from the company’s current price.
Several other brokerages have also recently issued reports on ADNT. Royal Bank Of Canada restated a “buy” rating on shares of Adient PLC in a report on Thursday, July 6th. Zacks Investment Research upgraded Adient PLC from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating on shares of Adient PLC in a report on Tuesday, October 17th. ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Finally, Barclays PLC upped their price target on Adient PLC to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Adient PLC presently has an average rating of “Buy” and an average target price of $72.92.
Shares of Adient PLC (ADNT) traded down $6.23 during trading hours on Friday, reaching $78.70. The company’s stock had a trading volume of 1,039,683 shares, compared to its average volume of 654,141. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42.
Adient PLC (NASDAQ:ADNT) last issued its earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.13. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS.
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In related news, Chairman R Bruce Mcdonald sold 4,607 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total transaction of $316,362.69. Following the transaction, the chairman now owns 4,818 shares of the company’s stock, valued at approximately $330,852.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond L. Conner bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $73.91 per share, for a total transaction of $221,730.00. Following the purchase, the director now owns 5,270 shares in the company, valued at approximately $389,505.70. The disclosure for this purchase can be found here.
Adient PLC 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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