1 day Ago By ABMN Staff
Adient plc ( NYSE:ADNT – Get Free Report ) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,190,000 shares, a drop of 12.0% from the August 15th total of 4,760,000 shares.
Currently, 4.9% of the shares of the company are short sold. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 3.
2 days. Analyst Upgrades and Downgrades Several research firms have recently commented on ADNT. Morgan Stanley reduced their price target on shares of Adient from $32.
00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, August 14th. Wolfe Research began coverage on shares of Adient in a research report on Thursday, September 5th.
They set a “peer perform” rating for the company. Bank of America cut their price target on Adient from $42.00 to $40.
00 and set a “buy” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Adient in a research note on Tuesday, September 10th.
Finally, JPMorgan Chase & Co. cut their target price on Adient from $31.00 to $27.
00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.
25. Read Our Latest Stock Analysis on ADNT Institutional Inflows and Outflows Adient Stock Up 0.1 % Shares of ADNT stock traded up $0.
03 during mid-day trading on Wednesday, hitting $21.69. 1,289,072 shares of the stock traded hands, compared to its average volume of 1,131,655.
The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.
87. The stock has a market cap of $1.95 billion, a P/E ratio of 13.
31, a P/E/G ratio of 0.53 and a beta of 2.16.
The stock’s fifty day moving average is $22.73 and its two-hundred day moving average is $26.88.
Adient has a 52-week low of $19.40 and a 52-week high of $38.63.
Adient ( NYSE:ADNT – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
62 by ($0.30). Adient had a return on equity of 6.
34% and a net margin of 0.50%. The company had revenue of $3.
72 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the business posted $0.
98 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis.
Equities analysts predict that Adient will post 1.77 EPS for the current year. Adient Company Profile ( Get Free Report ) Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks.
The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers. Recommended Stories Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with MarketBeat.com's FREE daily email newsletter .
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