Adient PLC (NASDAQ:ADNT) had its price target lowered by research analysts at Royal Bank Of Canada from $96.00 to $89.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 13.09% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Barclays PLC upped their target price on Adient PLC to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating on shares of Adient PLC in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Adient PLC 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. UBS AG upped their target price on Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $72.92.
Shares of Adient PLC (NASDAQ ADNT) traded down $2.38 during mid-day trading on Friday, hitting $78.70. The company had a trading volume of 1,039,683 shares, compared to its average volume of 654,141. Adient PLC has a fifty-two week low of $39.66 and a fifty-two week high of $86.42.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.13. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 earnings per share.
COPYRIGHT VIOLATION NOTICE: “Adient PLC (ADNT) Price Target Cut to $89.00” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/05/adient-plc-adnt-price-target-cut-to-89-00.html.
In other news, Chairman R Bruce Mcdonald sold 4,607 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total transaction of $316,362.69. Following the completion of the transaction, the chairman now directly owns 4,818 shares in the company, valued at $330,852.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Byron S. Foster sold 1,316 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total transaction of $91,922.60. Following the transaction, the insider now owns 67,845 shares of the company’s stock, valued at $4,738,973.25. The disclosure for this sale can be found here.
About Adient PLC
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.
What are top analysts saying about Adient PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Adient PLC and related companies.