Research analysts at Longbow Research began coverage on shares of Adient (NYSE:ADNT) in a research report issued on Friday. The brokerage set a “neutral” rating on the stock.
ADNT has been the subject of a number of other reports. Royal Bank of Canada reduced their target price on shares of Adient from $96.00 to $89.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. ValuEngine upgraded shares of Adient from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. UBS Group upped their price objective on shares of Adient from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Monday, October 2nd. Finally, Robert W. Baird restated a “buy” rating on shares of Adient in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.44.
Adient (NYSE ADNT) opened at $82.36 on Friday. The company has a market cap of $7,306.49, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.71 and a beta of -0.25. 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 fifty-two week low of $55.85 and a fifty-two week high of $86.42.
In related news, VP Cathleen A. Ebacher sold 2,584 shares of the company’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 owns 36,454 shares in the company, valued at $2,884,605.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total value of $720,025.60. Following the completion of the sale, the vice president now owns 38,187 shares in the company, valued at approximately $2,993,860.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,525 shares of company stock worth $6,242,744. Corporate insiders own 0.14% of the company’s stock.
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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