Adient plc [ADNT] stock is trading at $34.63, up 0.84%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADNT shares have gain 2.85% over the last week, with a monthly amount drifted -0.89%, and not seem to be holding up well over a long-time horizon.
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On 8, February 2024, Adient will participate at the Wolfe Research Global Auto and Auto Tech Conference. In a post published today on Yahoo Finance, Adient (NYSE: ADNT), a global leader in automotive seating, will participate at the Wolfe Research Global Auto and Auto Tech Conference on Thursday, Feb. 15, 2024. Adient’s Executive Vice President and CFO Mark Oswald and Executive Vice President Americas Jim Conklin will be participating in a fireside chat at 8:20 a.m. Eastern time. A live webcast of the fireside chat will be available on the investor section of the Adient website (https://investors.adient.com/).
From an analyst’s perspective:
Adient plc [NYSE: ADNT] stock has seen the most recent analyst activity on September 13, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $43. Previously, Exane BNP Paribas downgraded its rating to Underperform on June 01, 2023. On February 15, 2023, Barclays initiated with a Overweight rating and assigned a price target of $57 on the stock. Wolfe Research downgraded its rating to a Peer Perform. BofA Securities upgraded its rating to a Buy and raised its price target to $52 on January 09, 2023. Deutsche Bank downgraded its rating to Hold for this stock on November 08, 2022, but kept the price target unchanged to $39. In a note dated November 07, 2022, RBC Capital Mkts downgraded an Sector Perform rating on this stock but restated the target price of $36.
Adient plc [ADNT] stock has fluctuated between $30.10 and $46.51 over the past year. Currently, Wall Street analysts expect the stock to reach $36 within the next 12 months. Adient plc [NYSE: ADNT] shares were valued at $34.63 at the most recent close of the market. An investor can expect a potential return of 3.96% based on the average ADNT price forecast.
Analyzing the ADNT fundamentals
Adient plc [NYSE:ADNT] reported sales of 15.36B for the trailing twelve months, which represents a drop of -1.05%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.29 points at the first support level, and at 33.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.83, and for the 2nd resistance point, it is at 35.02.
Adient plc [ADNT] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of -$0.16 and a surprise factor of -34.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.51 per share as compared to estimates of $0.58 per share, a difference of -$0.07 representing a surprise of -12.10%.
Ratios To Look Out For
For context, Adient plc’s Current Ratio is 1.15. Also, the Quick Ratio is 0.91, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.21, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 15.39.
Transactions by insiders
Recent insider trading involved Berthelin Michel Pierre Rose, EVP, EMEA, that happened on Feb 20 ’24 when 1300.0 shares were sold. EVP, CLO, CHRO & Secretary, Tiltmann Heather M completed a deal on Feb 14 ’24 to sell 10000.0 shares. Meanwhile, EVP, Americas Conklin James sold 3492.0 shares on Feb 12 ’24.
