Adient PLC (NASDAQ:ADNT) has earned an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $74.60.
ADNT has been the subject of several research reports. Zacks Investment Research downgraded shares of Adient PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating on shares of Adient PLC in a research report on Thursday, July 6th. ValuEngine upgraded shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Robert W. Baird restated a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. Finally, UBS AG raised their price objective on shares of Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th.
Shares of Adient PLC (NASDAQ ADNT) traded up 0.68% during trading on Wednesday, reaching $84.20. The company had a trading volume of 604,458 shares. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42. The firm has a 50 day moving average price of $82.65 and a 200 day moving average price of $71.69. The company’s market cap is $7.84 billion.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.02. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.12 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.43 earnings per share. Analysts predict that Adient PLC will post $9.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 18th will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, October 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.31%.
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In other news, Chairman R Bruce Mcdonald sold 4,607 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total transaction of $316,362.69. Following the transaction, the chairman now directly owns 4,818 shares of the company’s stock, valued at $330,852.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total transaction of $91,922.60. Following the transaction, the insider now directly owns 67,845 shares in the company, valued at $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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