Adient PLC (ADNT) Given “Buy” Rating at Robert W. Baird
A number of other equities research analysts have also weighed in on ADNT. Guggenheim started coverage on shares of Adient PLC in a report on Wednesday, June 21st. They issued a neutral rating and a $65.00 target price on the stock. Royal Bank Of Canada restated an outperform rating and issued a $85.00 target price on shares of Adient PLC in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Adient PLC from a hold rating to a sell rating in a report on Monday, July 3rd. Finally, ValuEngine upgraded shares of Adient PLC from a buy rating to a strong-buy rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $70.42.
Shares of Adient PLC (NASDAQ:ADNT) traded up 0.14% during trading on Tuesday, hitting $85.10. The stock had a trading volume of 390,965 shares. The firm has a 50-day moving average of $81.22 and a 200 day moving average of $71.06. Adient PLC has a 1-year low of $39.66 and a 1-year high of $86.42. The company’s market capitalization is $7.93 billion.
Adient PLC (NASDAQ:ADNT) last posted its earnings results on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. Equities research analysts predict that Adient PLC will post $9.38 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $1.10 annualized dividend and a yield of 1.29%.
In other Adient PLC news, Chairman R Bruce Mcdonald sold 4,607 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the sale, the chairman now owns 4,818 shares in the company, valued at approximately $330,852.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total transaction of $91,922.60. Following the completion of the sale, the insider now owns 67,845 shares of the company’s stock, valued at approximately $4,738,973.25. The disclosure for this sale can be found here.
About Adient PLC
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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