Adient PLC (ADNT) Stock Rating Lowered by Zacks Investment Research
Adient PLC (NASDAQ:ADNT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “
Several other research analysts also recently weighed in on ADNT. Royal Bank Of Canada lowered their price objective on shares of Adient PLC from $96.00 to $89.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Robert W. Baird lowered their target price on shares of Adient PLC from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. UBS AG lowered their target price on shares of Adient PLC from $98.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Barclays PLC increased their target price on shares of Adient PLC to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, ValuEngine upgraded shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.00.
Adient PLC (NASDAQ:ADNT) opened at $78.09 on Monday. Adient PLC has a 1 year low of $39.66 and a 1 year high of $86.42.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis.
In other Adient PLC news, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated 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 owns 67,845 shares in the company, valued at $4,738,973.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total transaction of $316,362.69. Following the transaction, the chairman now owns 4,818 shares of the company’s stock, valued at approximately $330,852.06. 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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