Adient PLC (ADNT) Earns “Buy” Rating from Robert W. Baird
Several other brokerages also recently commented on ADNT. ValuEngine upgraded Adient PLC from a buy rating to a strong-buy rating in a report on Monday. Zacks Investment Research upgraded Adient PLC from a hold rating to a buy rating and set a $94.00 target price on the stock in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a buy rating and set a $82.00 target price on shares of Adient PLC in a report on Monday, September 25th. Finally, Guggenheim initiated coverage on Adient PLC in a report on Wednesday, June 21st. They set a neutral rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $70.42.
Shares of Adient PLC (ADNT) traded up 0.55% during trading on Tuesday, hitting $85.45. The stock had a trading volume of 216,730 shares. The stock’s 50-day moving average price is $80.81 and its 200-day moving average price is $70.95. The company’s market cap is $7.96 billion. Adient PLC has a one year low of $39.66 and a one year high of $86.42.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.02. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.43 EPS. On average, equities research analysts forecast that Adient PLC will post $9.37 EPS for the current fiscal year.
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The firm 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 dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $1.10 dividend on an annualized basis and a yield of 1.29%.
In other Adient PLC news, Director Raymond L. Conner acquired 3,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the purchase, the director now directly owns 5,270 shares in the company, valued at $389,505.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $69.85, for a total value of $91,922.60. Following 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.
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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