Adient PLC (ADNT) Upgraded to Strong-Buy at ValuEngine
ValuEngine upgraded shares of Adient PLC (NASDAQ:ADNT) from a buy rating to a strong-buy rating in a research report released on Monday.
A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Adient PLC from a hold rating to a buy rating and set a $94.00 target price for the company in a research note on Monday, October 2nd. Royal Bank Of Canada restated a buy rating and issued a $82.00 target price on shares of Adient PLC in a research note on Monday, September 25th. Finally, Guggenheim began coverage on Adient PLC in a research note on Wednesday, June 21st. They issued a neutral rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $63.93.
Adient PLC (NASDAQ ADNT) opened at 85.07 on Monday. The firm has a 50-day moving average of $79.22 and a 200-day moving average of $70.56. The firm’s market cap is $7.92 billion. Adient PLC has a 12-month low of $39.66 and a 12-month high of $86.42.
Adient PLC (NASDAQ:ADNT) last issued its earnings results on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.02. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. Adient PLC’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 earnings per share. On average, analysts expect that Adient PLC will post $9.36 EPS for the current year.
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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 paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.29%.
In other news, insider Byron S. Foster sold 1,316 shares of Adient PLC 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 completion of the transaction, the insider now directly owns 67,845 shares in the company, valued at approximately $4,738,973.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman R Bruce Mcdonald sold 4,607 shares of Adient PLC stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total value of $316,362.69. Following the transaction, the chairman now owns 4,818 shares of the company’s stock, valued at $330,852.06. The disclosure for this sale can be found here.
Adient PLC Company Profile
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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