Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's products include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, Europe, China, and internationally. The company was incorporated in 2016 and is based in Dublin, Ireland.
IPO Year: 2016
Exchange: NYSE
Website: adient.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $30.00 → $24.00 | Buy → Neutral | BofA Securities |
| 9/10/2024 | $24.00 | Hold | Deutsche Bank |
| 9/5/2024 | Peer Perform | Wolfe Research | |
| 7/1/2024 | $26.00 | Underperform → Neutral | Exane BNP Paribas |
| 4/10/2024 | $41.00 → $37.00 | Overweight → Equal Weight | Barclays |
| 9/13/2023 | $43.00 | Neutral | UBS |
| 6/1/2023 | Neutral → Underperform | Exane BNP Paribas | |
| 2/15/2023 | $57.00 | Overweight | Barclays |
| 2/9/2023 | Outperform → Peer Perform | Wolfe Research | |
| 1/9/2023 | $41.00 → $52.00 | Neutral → Buy | BofA Securities |
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B of A Securities analyst John Murphy maintains Adient (NYSE:ADNT) with a Buy and lowers the price target from $42 to $40.
JP Morgan analyst Ryan Brinkman maintains Adient (NYSE:ADNT) with a Neutral and lowers the price target from $32 to $31.
Adient's (NYSE:ADNT) short percent of float has risen 6.14% since its last report. The company recently reported that it has 5.14 million shares sold short, which is 8.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.02 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
Barclays analyst Dan Levy maintains Adient (NYSE:ADNT) with a Equal-Weight and lowers the price target from $34 to $29.
UBS analyst Colin Langan maintains Adient (NYSE:ADNT) with a Neutral and lowers the price target from $31 to $27.
Exane BNP Paribas analyst James Picariello upgrades Adient (NYSE:ADNT) from Underperform to Neutral and announces $26 price target.
Adient's (NYSE:ADNT) short percent of float has risen 5.8% since its last report. The company recently reported that it has 4.84 million shares sold short, which is 7.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.94 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
In the preceding three months, 8 analysts have released ratings for Adient (NYSE:ADNT), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 4 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 1 0 3M Ago 1 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $35.12, with a high estimate of $46.00 and a low estimate of $30.00. A decline of 8.18% from the p
Wells Fargo analyst Colin Langan maintains Adient (NYSE:ADNT) with a Overweight and lowers the price target from $33 to $32.
PLYMOUTH, Mich., Nov. 8, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its fourth quarter 2024 financial results. Q4 GAAP net income and EPS diluted of $79M and $0.91, respectively; Q4 Adj.-EPS diluted of $0.68Q4 Adj.-EBITDA of $235M, flat y-o-y; adj.-EBITDA margin of 6.6% up 30bps y-o-yGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at September 30, 2024; cash and cash equivalents of $945M at September 30, 2024For the full FY2024, Adient generated $277M of FCF and returned $275M to shareholders via share repur
PLYMOUTH, Mich., Oct. 10, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Nov. 8, 2024 at 8:30 a.m. (ET) to discuss its fourth quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a gl
PLYMOUTH, Mich., Aug. 6, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its third quarter 2024 financial results. Q3 GAAP net loss and EPS diluted of $(11)M and $(0.12), respectively; Q3 Adj.-EPS diluted of $0.32Q3 Adj.-EBITDA of $202M — quarterly results impacted by lower customer productionGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at June 30, 2024; cash and cash equivalents of $890M at June 30, 2024Generated free cash flow (operating cash flow less capex) of $88MExecuted $75M of share repurchases, retiring ~2.6M shares in the quarter; year to date share repurchases total $225M and ~7.1M shares. Approximately 8% of out
PLYMOUTH, Mich., July 16, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on August 6, 2024 at 8:30 a.m. (ET) to discuss its third quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a g
PLYMOUTH, Mich., May 3, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results. Q2 GAAP net income and EPS diluted of $(70)M and $(0.77), respectively; Q2 Adj.-EPS diluted of $0.54Q2 Adj.-EBITDA of $227M, up $12M y-o-y, with Adj.-EBITDA margin of 6.1%, a 60 bps improvement vs. prior yearGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at March 31, 2024; cash and cash equivalents of $905M at March 31, 2024The company executed $50M of share repurchases, retiring ~1.5M shares in the quarter; year to date share repurchases total $150M and ~4.5M sharesThe company provided an update to its FY24 outl
PLYMOUTH, Mich., April 4, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on May 3, 2024 at 8:30 a.m. (ET) to discuss its second quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a glo
PLYMOUTH, Mich., Feb. 7, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its first quarter 2024 financial results. Q1 GAAP net income and EPS diluted of $20M and $0.21, respectively; Q1 Adj.-EPS diluted of $0.31Q1 Adj.-EBITDA of $216M, up $4M y-o-y, the seventh consecutive quarter of y-o-y improvementGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at December 31, 2023; cash and cash equivalents of $990M at December 31, 2023The company executed $100M of share repurchases, retiring ~3M shares in the quarterBusiness performance continues to build on the positive momentum established in FY23, driving expectation for improved y-o-y
PLYMOUTH, Mich., Jan. 10, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on February 7, 2024 at 8:30 a.m. (ET) to discuss its first quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a
PLYMOUTH, Mich., Oct. 9, 2023 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Nov. 8, 2023 at 8:30 a.m. (EDT) to discuss its fourth quarter fiscal 2023 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a gl
PLYMOUTH, Mich., Aug. 2, 2023 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its third quarter 2023 financial results. Q3 GAAP net income and EPS diluted of $73M and $0.77, respectively; Q3 Adj.-EPS diluted of $0.98Q3 Adj.-EBITDA of $276M, up $133M y-o-yGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at June 30, 2023; cash and cash equivalents of $908M at June 30, 2023Returned ~$37M to shareholders in Q3 through share repurchases (YTD through June 30, 2023: $65M)For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor websit
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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
PLYMOUTH, Mich., Sept. 19, 2023 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced the appointment of Jodi Eddy to Adient's Board of Directors, effective Sept. 19, 2023. Eddy will serve as a member of the Audit Committee and Corporate Governance Committee of the Board. Following her appointment, the Board will comprise nine directors, eight of whom are independent. "We are pleased to have Jodi join Adient's Board of Directors. Her experience as a successful Chief Information and Digital officer will be a great asset to the Board and will complement the expertise of our existing Board members," said Doug Del Grosso, Adient president and chief executiv
PLYMOUTH, Mich., Oct. 31, 2022 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced that Jerome Dorlack, Adient's current executive vice president, Americas, and an automotive industry veteran, will be appointed executive vice president and chief financial officer (CFO), effective Dec. 1, 2022. Dorlack's appointment follows Jeff Stafeil's decision to resign from his role as Adient's executive vice president and chief financial officer, effective Nov. 30, 2022. With Dorlack's appointment, Jim Conklin will become the executive vice president, Americas, also effective Dec. 1, 2022. "Jerome has been a key member of our leadership team and we are fortunate t
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Darlene Knight has been appointed to the Company's Board of Directors and as a member of the Board's Audit Committee. Ms. Knight brings to Fabrinet significant experience with multi-national manufacturing businesses, primarily in the automotive sector. Ms. Knight was Vice President, Americas of Adient plc (NYSE:ADNT), a global leader in the automotive seating supply industry, from 2018 to 2019 and Vice President, China of Adient from 2016 to 2018. From 2013 to 2016,
PLYMOUTH, Mich., May 3, 2021 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced the appointment of Rick T. Dillon to Adient's Board of Directors, effective May 3, 2021. "We are pleased to have Rick join Adient's Board of Directors. His experience as a successful CFO and numerous other accomplishments complement our board's skills and strengthen our resolve to enhance shareholder value," said Doug Del Grosso, Adient president and chief executive officer. Dillon currently serves as the executive vice president and chief financial officer
BofA Securities downgraded Adient from Buy to Neutral and set a new price target of $24.00 from $30.00 previously
Deutsche Bank resumed coverage of Adient with a rating of Hold and set a new price target of $24.00
Wolfe Research resumed coverage of Adient with a rating of Peer Perform
Exane BNP Paribas upgraded Adient from Underperform to Neutral and set a new price target of $26.00
Barclays downgraded Adient from Overweight to Equal Weight and set a new price target of $37.00 from $41.00 previously
UBS initiated coverage of Adient with a rating of Neutral and set a new price target of $43.00
Exane BNP Paribas downgraded Adient from Neutral to Underperform
Barclays initiated coverage of Adient with a rating of Overweight and set a new price target of $57.00
Wolfe Research downgraded Adient from Outperform to Peer Perform
BofA Securities upgraded Adient from Neutral to Buy and set a new price target of $52.00 from $41.00 previously
PLYMOUTH, Mich., Nov. 8, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its fourth quarter 2024 financial results. Q4 GAAP net income and EPS diluted of $79M and $0.91, respectively; Q4 Adj.-EPS diluted of $0.68Q4 Adj.-EBITDA of $235M, flat y-o-y; adj.-EBITDA margin of 6.6% up 30bps y-o-yGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at September 30, 2024; cash and cash equivalents of $945M at September 30, 2024For the full FY2024, Adient generated $277M of FCF and returned $275M to shareholders via share repur
PLYMOUTH, Mich., Oct. 10, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Nov. 8, 2024 at 8:30 a.m. (ET) to discuss its fourth quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a gl
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
PLYMOUTH, Mich., Aug. 6, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its third quarter 2024 financial results. Q3 GAAP net loss and EPS diluted of $(11)M and $(0.12), respectively; Q3 Adj.-EPS diluted of $0.32Q3 Adj.-EBITDA of $202M — quarterly results impacted by lower customer productionGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at June 30, 2024; cash and cash equivalents of $890M at June 30, 2024Generated free cash flow (operating cash flow less capex) of $88MExecuted $75M of share repurchases, retiring ~2.6M shares in the quarter; year to date share repurchases total $225M and ~7.1M shares. Approximately 8% of out
PLYMOUTH, Mich., Aug. 1, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will participate in the J.P. Morgan Auto Conference on Thursday, August 8, 2024. Adient's president and CEO, Jerome Dorlack, and executive vice president and CFO, Mark Oswald, will take part in a fireside chat at 10:15am eastern time. A live webcast of the fireside chat will be available on the investor section of the Adient website (https://investors.adient.com/). About Adient:Adient (NYSE:ADNT) is a global leader in automotive seating. With 70,000+ employees in 29 countries, Adient operates more than 200 manufacturing/assembly plants worldwide. We produce and deliver automotive seating
PLYMOUTH, Mich., July 16, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on August 6, 2024 at 8:30 a.m. (ET) to discuss its third quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a g
PLYMOUTH, Mich., May 3, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results. Q2 GAAP net income and EPS diluted of $(70)M and $(0.77), respectively; Q2 Adj.-EPS diluted of $0.54Q2 Adj.-EBITDA of $227M, up $12M y-o-y, with Adj.-EBITDA margin of 6.1%, a 60 bps improvement vs. prior yearGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at March 31, 2024; cash and cash equivalents of $905M at March 31, 2024The company executed $50M of share repurchases, retiring ~1.5M shares in the quarter; year to date share repurchases total $150M and ~4.5M sharesThe company provided an update to its FY24 outl
PLYMOUTH, Mich., April 4, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on May 3, 2024 at 8:30 a.m. (ET) to discuss its second quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a glo
PLYMOUTH, Mich., March 20, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will participate in the Bank of America Global Auto Summit on Wednesday, March 27, 2024. Adient's president and CEO, Jerome Dorlack, and executive vice president and CFO, Mark Oswald, will take part in a fireside chat at 9:40 a.m. eastern daylight time. A live webcast of the fireside chat will be available on the investor section of the Adient website (https://investors.adient.com/). About Adient:Adient (NYSE:ADNT) is a global leader in automotive seating. With 70,000+ employees in 29 countries, Adient operates more than 200 manufacturing/assembly plants worldwide. We produce and deliv
PLYMOUTH, Mich., March 19, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, announced that Mike Heifler has joined the company as vice president of Investor Relations and Strategy, effective March 18, 2024. Heifler joins Adient from PHINIA, a recent spin-off from BorgWarner, where he was vice president of Investor Relations. Prior to joining PHINIA, Heifler led Investor Relations at General Motors. He has an extensive Wall Street background in equity and fixed income fundamental research, covering the automotive sector. Heifler earned an MBA in Finance from New York University and a bachelor's degree in Management from Rutgers University. He succeeds Mark Oswa