Adient (ADNT) PT Raised to $99.00

Adient (NYSE:ADNT) had its price objective boosted by Morgan Stanley from $85.00 to $99.00 in a report released on Tuesday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 26.50% from the stock’s current price.

Other equities analysts have also issued reports about the stock. UBS raised their target price on shares of Adient from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price target on shares of Adient in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Monday, October 2nd. Finally, Barclays raised their price target on shares of Adient to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Adient presently has a consensus rating of “Buy” and a consensus target price of $80.44.

Adient (NYSE ADNT) opened at $78.26 on Tuesday. 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 1-year low of $51.74 and a 1-year high of $86.42. The company has a market cap of $7,271.11 and a PE ratio of 8.24.

Adient (NYSE:ADNT) last released its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.21 by $0.13. Adient had a net margin of 5.47% and a return on equity of 22.48%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the firm earned $2.15 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. equities research analysts predict that Adient will post 10.02 earnings per share for the current year.

In other news, Chairman R Bruce Mcdonald sold 67,757 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total value of $5,318,246.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond L. Conner bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $73.91 per share, for a total transaction 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 disclosure for this purchase can be found here. Over the last 90 days, insiders sold 79,525 shares of company stock worth $6,242,744. 0.14% of the stock is currently owned by corporate insiders.

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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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