Robert W. Baird reissued their buy rating on shares of Adient PLC (NASDAQ:ADNT) in a research note published on Tuesday.

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.

WARNING: This report was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at

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.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Receive News & Ratings for Adient PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.