Somewhat Positive News Coverage Somewhat Unlikely to Affect Adient (ADNT) Stock Price
Press coverage about Adient (NYSE:ADNT) has trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adient earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2667659870474 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages recently issued reports on ADNT. Buckingham Research reduced their price objective on shares of Adient from $74.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Robert W. Baird reduced their price objective on shares of Adient from $81.00 to $73.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. UBS Group reduced their price objective on shares of Adient from $96.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Longbow Research began coverage on shares of Adient in a research note on Friday, January 5th. They set a “neutral” rating on the stock. Finally, Morgan Stanley upped their price objective on shares of Adient from $85.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.09.
Adient (ADNT) opened at $61.13 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.02. The firm has a market cap of $5,855.97, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.70 and a beta of -0.82. Adient has a one year low of $57.47 and a one year high of $86.42.
In related news, Director Frederick A. Henderson purchased 4,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $61.78 per share, with a total value of $247,120.00. Following the completion of the purchase, the director now directly owns 5,715 shares in the company, valued at approximately $353,072.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick A. Henderson bought 1,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $60.50 per share, for a total transaction of $60,500.00. Following the purchase, the director now owns 6,715 shares in the company, valued at approximately $406,257.50. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.
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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.
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