Research analysts at Longbow Research assumed coverage on shares of Adient (NYSE:ADNT) in a research report issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.
ADNT has been the topic of a number of other research reports. Royal Bank of Canada reduced their target price on Adient from $96.00 to $89.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. ValuEngine upgraded Adient from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. UBS Group upped their target price on Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded Adient from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “buy” rating on shares of Adient in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Adient currently has an average rating of “Hold” and a consensus price target of $80.44.
Adient (NYSE ADNT) opened at $82.36 on Friday. The company has a market capitalization of $7,306.49, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.71 and a beta of -0.25. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.75. Adient has a 52-week low of $55.85 and a 52-week high of $86.42.
Adient (NYSE:ADNT) last posted its earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.13. Adient had a return on equity of 22.48% and a net margin of 5.47%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the business earned $2.15 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. equities research analysts forecast that Adient will post 10.34 earnings per share for the current fiscal year.
In other Adient news, VP Cathleen A. Ebacher sold 2,584 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $79.13, for a total transaction of $204,471.92. Following the sale, the vice president now directly owns 36,454 shares in the company, valued at approximately $2,884,605.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total value of $5,318,246.93. The disclosure for this sale can be found here. Insiders sold a total of 79,525 shares of company stock worth $6,242,744 in the last 90 days. 0.14% of the stock is currently owned by company insiders.
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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.