Adient (NYSE:ADNT)‘s stock had its “hold” rating reaffirmed by Goldman Sachs Group in a report issued on Wednesday.
ADNT has been the topic of a number of other research reports. Zacks Investment Research raised Adient from a “strong sell” rating to a “hold” rating in a research report on Monday. Barclays set a $19.00 price target on Adient and gave the stock a “hold” rating in a report on Friday, January 4th. Robert W. Baird downgraded Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $25.00 to $14.00 in a report on Friday, January 4th. Deutsche Bank started coverage on Adient in a report on Thursday, December 13th. They issued a “hold” rating for the company. Finally, KeyCorp started coverage on Adient in a report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target for the company. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.92.
ADNT opened at $18.17 on Wednesday. Adient has a 12-month low of $14.52 and a 12-month high of $76.93. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.03. The firm has a market cap of $1.62 billion, a PE ratio of 3.07, a PEG ratio of 0.33 and a beta of 1.67.
Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, November 9th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Adient had a positive return on equity of 13.51% and a negative net margin of 9.66%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the company earned $2.34 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Adient will post 4.36 EPS for the current year.
Several large investors have recently made changes to their positions in ADNT. Retirement Systems of Alabama acquired a new stake in shares of Adient in the third quarter worth approximately $4,411,000. Paloma Partners Management Co acquired a new position in Adient during the third quarter worth $1,798,000. Cadence Capital Management LLC acquired a new position in Adient during the third quarter worth $239,000. Dupont Capital Management Corp boosted its stake in Adient by 40.0% during the third quarter. Dupont Capital Management Corp now owns 22,902 shares of the company’s stock worth $900,000 after buying an additional 6,544 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Adient by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 920,173 shares of the company’s stock worth $36,172,000 after buying an additional 47,876 shares during the last quarter.
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
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