Adient (NYSE:ADNT) has been given a $60.00 price objective by equities research analysts at Susquehanna Bancshares in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price objective points to a potential downside of 0.13% from the company’s previous close.
ADNT has been the subject of a number of other reports. Robert W. Baird downgraded shares of Adient from an “outperform” rating to a “neutral” rating and set a $89.00 price target for the company. in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Adient from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. UBS Group dropped their price target on shares of Adient from $96.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Barclays reissued a “hold” rating and set a $71.00 price target on shares of Adient in a research note on Sunday, January 21st. Finally, Guggenheim set a $64.00 price target on shares of Adient and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $71.08.
Shares of Adient (ADNT) traded down $0.22 during mid-day trading on Wednesday, hitting $60.08. 747,148 shares of the stock were exchanged, compared to its average volume of 1,345,685. Adient has a 12 month low of $57.47 and a 12 month high of $86.42. The firm has a market capitalization of $5,706.60, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.68 and a beta of -0.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.83.
In related news, Director Frederick A. Henderson acquired 4,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $61.78 per share, with a total value of $247,120.00. Following the completion of the transaction, the director now directly owns 5,715 shares of the company’s stock, valued at $353,072.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick A. Henderson acquired 1,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $60.50 per share, with a total value of $60,500.00. Following the transaction, the director now directly owns 6,715 shares of the company’s stock, valued at $406,257.50. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.
A hedge fund recently bought a new stake in Adient stock. Elkfork Partners LLC acquired a new position in shares of Adient PLC (NYSE:ADNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,480 shares of the company’s stock, valued at approximately $195,000. Institutional investors and hedge funds own 91.33% of the company’s stock.
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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