Adient (NYSE:ADNT)‘s stock had its “hold” rating restated by equities researchers at Guggenheim in a note issued to investors on Wednesday. They currently have a $90.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 8.84% from the company’s current price.
Several other analysts have also recently commented on ADNT. Royal Bank of Canada restated a “buy” rating and issued a $82.00 target price on shares of Adient in a research note on Monday, September 25th. 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 note on Monday, October 2nd. ValuEngine upgraded shares of Adient from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Robert W. Baird restated a “buy” rating on shares of Adient in a research note on Tuesday, October 17th. Finally, UBS Group raised their target price on shares of Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. 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 given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $83.22.
Shares of Adient (NYSE ADNT) traded down $0.90 during trading hours on Wednesday, reaching $82.69. The company has a market capitalization of $7,700.00 and a price-to-earnings ratio of 8.84. 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 twelve month low of $59.10 and a twelve month high of $86.42.
Adient (NYSE:ADNT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.13. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Adient had a net margin of 5.47% and a return on equity of 22.48%. Adient’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 EPS. research analysts forecast that Adient will post 10.36 EPS for the current fiscal year.
In related news, VP Cathleen A. Ebacher sold 2,584 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cathleen A. Ebacher sold 9,184 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total transaction of $720,025.60. Following the completion of the sale, the vice president now owns 38,187 shares of the company’s stock, valued at approximately $2,993,860.80. The disclosure for this sale can be found here. Insiders sold a total of 79,525 shares of company stock valued at $6,242,744 in the last 90 days. Company insiders own 0.14% of the company’s stock.
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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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