In yesterday’s Wall Street session, Adient plc (NYSE:ADNT) shares traded at $36.95, up 5.97% from the previous session.
As of this writing, 11 analysts cover Adient plc (NYSE:ADNT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $29.00, we find $39.00. Given the previous closing price of $34.87, this indicates a potential upside of 11.84 percent. ADNT stock price is now 1.99% away from the 50-day moving average and 8.93% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56B.
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There are 5 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $39.56 as their price target over the next twelve months.
With the price target maintained at $39, Deutsche Bank recently Downgraded its rating from Buy to Hold for Adient plc (NYSE: ADNT). On November 07, 2022, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock keeping its target price maintained at $36, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’.
In other news, Carlin Peter, Director sold 2,052 shares of the company’s stock on Nov 30. The stock was sold for $79,002 at an average price of $38.50. Upon completion of the transaction, the Director now directly owns 28,593 shares in the company, valued at $1.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 23, EVP, Americas Dorlack Jerome J. sold 4,300 shares of the business’s stock. A total of $168,087 was realized by selling the stock at an average price of $39.09. This leaves the insider owning 139,396 shares of the company worth $5.15 million. Insiders disposed of 354,948 shares of company stock worth roughly $13.12 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADNT stock. A new stake in Adient plc shares was purchased by PZENA INVESTMENT MANAGEMENT LLC during the first quarter worth $40,488,000. FISHER ASSET MANAGEMENT, LLC invested $35,886,000 in shares of ADNT during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Adient plc valued at approximately $2,349,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in ADNT for approximately $1,719,000. CIPHER CAPITAL LP purchased a new stake in ADNT valued at around $978,000 in the second quarter. In total, there are 359 active investors with 97.50% ownership of the company’s stock.
Wednesday morning saw Adient plc (NYSE: ADNT) opened at $35.56. During the past 12 months, Adient plc has had a low of $27.15 and a high of $50.96. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for ADNT is $36.23 and a two-hundred day moving average price translates $33.92 for the stock.
The latest earnings results from Adient plc (NYSE: ADNT) was released for Jun, 2022. According to the Auto Parts Company, earnings per share came in at $0.08, beating analysts’ expectations of -$0.07 by 0.15. This compares to $10.15 EPS in the same period last year. The net profit margin was -0.80% and return on equity was -5.40% for ADNT. The company reported revenue of $3.65 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.72 percent. For the current quarter, analysts expect ADNT to generate $3.52B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2018. Investors who held shares on 10/24/2018 were paid a $0.275 dividend.
Adient plc(ADNT) Company Profile
Adient plc designs, develops, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company’s seating solutions include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, including North America and South America; Europe, Middle East, and Africa; and Asia Pacific. The company was incorporated in 2016 and is based in Dublin, Ireland.
