Adient PLC (ADNT) PT Raised to $98.00
Adient PLC (NASDAQ:ADNT) had its price objective hoisted by UBS AG from $94.00 to $98.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 15.16% from the company’s previous close.
Several other equities research analysts also recently issued reports on ADNT. ValuEngine raised shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price objective on shares of Adient PLC in a research report on Wednesday. Robert W. Baird reissued a “buy” rating on shares of Adient PLC in a research report on Tuesday. Zacks Investment Research raised shares of Adient PLC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, October 2nd. Finally, Guggenheim began coverage on shares of Adient PLC in a research report on Wednesday, June 21st. They set a “neutral” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.42.
Shares of Adient PLC (NASDAQ:ADNT) opened at 85.10 on Thursday. The firm’s 50 day moving average is $81.22 and its 200-day moving average is $71.06. The firm’s market cap is $7.93 billion. Adient PLC has a 52 week low of $39.66 and a 52 week high of $86.42.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. The firm’s revenue was down 7.9% compared to the same quarter last year. Equities research analysts predict that Adient PLC will post $9.38 EPS for the current year.
In other Adient PLC news, Director Raymond L. Conner bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $73.91 per share, with a total value of $221,730.00. Following the completion of the transaction, the director now owns 5,270 shares in the company, valued at $389,505.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Byron S. Foster sold 1,316 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total transaction of $91,922.60. Following the completion of the transaction, the insider now directly owns 67,845 shares of the company’s stock, valued at approximately $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.
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