Adient PLC (NYSE:ADNT) saw some unusual options trading activity on Thursday. Stock traders acquired 9,815 call options on the stock. This represents an increase of approximately 2,081% compared to the typical volume of 450 call options.
NYSE ADNT opened at $13.95 on Friday. Adient has a 12-month low of $13.87 and a 12-month high of $67.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. The firm has a market capitalization of $1.35 billion, a P/E ratio of 2.48, a price-to-earnings-growth ratio of 0.54 and a beta of 2.17.
Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. Adient’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. On average, sell-side analysts expect that Adient will post 2.32 earnings per share for the current year.
Several analysts recently issued reports on ADNT shares. KeyCorp started coverage on shares of Adient in a research report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target for the company. Goldman Sachs Group reissued a “hold” rating on shares of Adient in a research report on Wednesday, January 16th. Bank of America set a $22.00 price target on shares of Adient and gave the company a “hold” rating in a research report on Tuesday, January 22nd. Deutsche Bank started coverage on shares of Adient in a research report on Thursday, December 13th. They issued a “hold” rating for the company. Finally, Robert W. Baird downgraded shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $25.00 to $14.00 in a research report on Friday, January 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.
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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.
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