Adient (NYSE:ADNT) had its price target raised by research analysts at Morgan Stanley from $85.00 to $99.00 in a research note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 26.76% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS lifted their target price on shares of Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Monday, October 2nd. Finally, Barclays lifted their target price on shares of Adient to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $80.44.

Shares of Adient (NYSE:ADNT) opened at $78.10 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Adient has a 52 week low of $51.74 and a 52 week high of $86.42. The company has a market cap of $7,299.04 and a PE ratio of 8.27.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient had a net margin of 5.47% and a return on equity of 22.48%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the business earned $2.15 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. research analysts forecast that Adient will post 10.02 EPS for the current fiscal year.

In other Adient news, Chairman R Bruce Mcdonald sold 67,757 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond L. Conner acquired 3,000 shares of Adient stock in a transaction on Wednesday, September 13th. The shares were purchased at an average cost of $73.91 per share, with a total value of $221,730.00. Following the completion of the purchase, the director now directly owns 5,270 shares of the company’s stock, valued at approximately $389,505.70. The disclosure for this purchase can be found here. Corporate insiders own 0.14% 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.

Analyst Recommendations for Adient (NYSE:ADNT)

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