Adient (ADNT) Now Covered by Analysts at Longbow Research

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.

Adient (NYSE:ADNT) last announced its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.13. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. Adient had a net margin of 5.47% and a return on equity of 22.48%. 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 earnings per share. equities analysts predict that Adient will post 10.34 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Adient (NYSE:ADNT)

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