Adient PLC (NYSE:ADNT) was the recipient of unusually large options trading on Thursday. Stock traders acquired 9,815 call options on the company. This represents an increase of approximately 2,081% compared to the typical volume of 450 call options.
Adient stock opened at $13.97 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 2.49, a price-to-earnings-growth ratio of 0.54 and a beta of 2.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. Adient has a 52 week low of $13.87 and a 52 week high of $67.10.
Adient (NYSE:ADNT) last released its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.17). The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. As a group, analysts forecast that Adient will post 2.32 earnings per share for the current year.
A number of equities analysts have weighed in on the company. KeyCorp assumed coverage on Adient in a report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target for the company. Longbow Research reiterated a “buy” rating and set a $28.00 target price on shares of Adient in a research note on Monday, January 28th. Morgan Stanley set a $16.00 target price on Adient and gave the company a “sell” rating in a research note on Tuesday, January 29th. Seaport Global Securities assumed coverage on Adient in a research note on Wednesday, February 13th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada cut Adient from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $16.00 in a research note on Wednesday, January 23rd. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.00.
Adient Company Profile
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.
Further Reading: Municipal Bonds
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.