Zacks Investment Research Lowers Adient (ADNT) to Sell

Adient (NYSE:ADNT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “

A number of other analysts have also recently weighed in on ADNT. Barclays reaffirmed a “hold” rating and issued a $81.00 price target on shares of Adient in a research report on Friday, November 10th. Guggenheim reaffirmed a “hold” rating and issued a $90.00 price target on shares of Adient in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “buy” rating on shares of Adient in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $82.00 price target on shares of Adient in a research report on Monday, September 25th. Finally, ValuEngine raised Adient from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.22.

Shares of Adient (ADNT) traded down $2.93 during midday trading on Friday, reaching $74.15. The company’s stock had a trading volume of 1,928,500 shares, compared to its average volume of 1,650,275. 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 1 year low of $59.10 and a 1 year high of $86.42. The stock has a market capitalization of $6,910.00 and a P/E ratio of 7.93.

Adient (NYSE:ADNT) last issued its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating 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 previous year, the company posted $2.15 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. equities research analysts forecast that Adient will post 10.34 EPS for the current fiscal year.

In other news, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total value of $720,025.60. Following the sale, the vice president now directly owns 38,187 shares in the company, valued at approximately $2,993,860.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Cathleen A. Ebacher sold 2,584 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $79.13, for a total value of $204,471.92. Following the completion of the sale, the vice president now owns 36,454 shares in the company, valued at $2,884,605.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,525 shares of company stock valued at $6,242,744. 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.

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