Adient (NYSE:ADNT)‘s stock had its “hold” rating reiterated by stock analysts at Guggenheim in a research note issued on Wednesday, January 10th. They currently have a $90.00 price objective on the stock. Guggenheim’s price objective points to a potential upside of 9.52% from the stock’s previous close.
Several other analysts have also weighed in on ADNT. Zacks Investment Research upgraded Adient from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, October 2nd. Longbow Research started coverage on Adient in a research report on Friday, January 5th. They set a “neutral” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird reiterated a “buy” rating on shares of Adient in a research note on Tuesday, October 17th. Finally, Barclays increased their price target on Adient to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.22.
Adient (NYSE:ADNT) opened at $82.18 on Wednesday. The stock has a market capitalization of $7,698.44, a P/E ratio of 8.68, a P/E/G ratio of 0.75 and a beta of -0.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.87 and a current ratio of 1.04. Adient has a 52 week low of $59.10 and a 52 week high of $86.42.
Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.13. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. research analysts predict that Adient will post 10.36 earnings per share for the current year.
In other Adient news, VP Cathleen A. Ebacher sold 2,584 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the sale, the vice president now directly owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of Adient stock in a transaction that occurred on Tuesday, November 28th. The stock was 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. Over the last quarter, insiders sold 79,525 shares of company stock valued at $6,242,744. 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.
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