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.
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.
