Wells Fargo Maintains Overweight on Adient, Lowers Price Target to $32
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Wells Fargo analyst Colin Langan maintains Adient (NYSE:ADNT) with a Overweight and lowers the price target from $33 to $32.
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| 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 |
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
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
4 - Adient plc (0001670541) (Issuer)
4 - Adient plc (0001670541) (Issuer)
4 - Adient plc (0001670541) (Issuer)
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
SC 13G - Adient plc (0001670541) (Subject)
SC 13G/A - Adient plc (0001670541) (Subject)
SC 13G - Adient plc (0001670541) (Subject)
10-K - Adient plc (0001670541) (Filer)
SCHEDULE 13G - Adient plc (0001670541) (Subject)
8-K - Adient plc (0001670541) (Filer)
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
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