Adient PLC (NASDAQ:ADNT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays PLC in a report released on Friday. They presently have a $81.00 target price on the stock. Barclays PLC’s price target would suggest a potential upside of 4.62% from the company’s previous close.
ADNT has been the subject of several other research reports. Zacks Investment Research cut Adient PLC from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. UBS AG cut their target price on Adient PLC from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Adient PLC in a research report on Wednesday, October 18th. Robert W. Baird cut their target price on Adient PLC from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $76.60.
Shares of Adient PLC (NASDAQ ADNT) traded up $0.47 during mid-day trading on Friday, hitting $77.42. The stock had a trading volume of 496,700 shares, compared to its average volume of 852,897. Adient PLC has a 12 month low of $44.33 and a 12 month 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 for the quarter, beating the consensus estimate of $2.21 by $0.13. The company 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share.
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In other news, insider Byron S. Foster sold 1,316 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now owns 67,845 shares in the company, valued at $4,738,973.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the transaction, the chairman now 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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