Adient PLC (ADNT) Price Target Cut to $89.00
Adient PLC (NASDAQ:ADNT) had its price objective decreased by equities research analysts at Robert W. Baird from $90.00 to $89.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock.
Several other analysts also recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Adient PLC in a research note on Thursday, July 6th. ValuEngine raised Adient PLC from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Zacks Investment Research raised Adient PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG lifted their target price on Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Barclays PLC lifted their target price on Adient PLC 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, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $73.17.
Adient PLC (NASDAQ:ADNT) last released 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. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year.
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In other news, Director Raymond L. Conner acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $73.91 per share, with a total value of $221,730.00. Following the purchase, the director now owns 5,270 shares of the company’s stock, valued at $389,505.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the sale, the chairman now directly owns 4,818 shares in the company, valued at approximately $330,852.06. The disclosure for this sale can be found here.
Adient PLC 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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