Adient Shares Plunge 12.53% on Earnings Miss, Trade Policy Concerns

Adient (ADNT) shares fell 1.79% today, marking the second consecutive day of decline, with a total drop of 12.53% over the past two days. The share price plummeted to its lowest level since April 2020, experiencing an intraday decline of 5.19%.

UBS recently lowered its price target for Adient from $20 to $13, citing increased costs due to new trade policies. This adjustment reflects the challenges Adient is facing in the current economic environment. Additionally, Adient reported quarterly earnings of $0.27 per share, which fell short of analysts' consensus estimates of $0.32 by $0.05. The company also experienced a negative net margin of 0.01%, further contributing to the downward pressure on its stock price.

These factors combined have likely influenced the recent decline in Adient's stock price, as investors reassess the company's financial health and future prospects in light of the new trade policies and earnings performance. The negative net margin and missed earnings estimates have raised concerns about Adient's ability to navigate the current economic landscape and maintain profitability.