Adient’s (ADNT) Hold Rating Reiterated at Guggenheim
Several other equities analysts also recently weighed in on ADNT. Longbow Research began coverage on Adient in a research report on Friday, January 5th. They issued a neutral rating on the stock. Zacks Investment Research upgraded Adient from a hold rating to a buy rating and set a $94.00 target price on the stock in a research report on Monday, October 2nd. Royal Bank of Canada restated a buy rating and issued a $96.00 target price on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird restated a buy rating on shares of Adient in a research report on Tuesday, October 17th. Finally, Barclays raised their target price on Adient to $85.00 and gave the company an equal weight rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $83.22.
Shares of Adient (NYSE ADNT) traded down $0.90 on Wednesday, reaching $82.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.87. Adient has a 12 month low of $59.10 and a 12 month high of $86.42. The firm has a market cap of $7,700.00 and a price-to-earnings ratio of 8.84.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.33%. Adient’s dividend payout ratio (DPR) is presently 11.76%.
In related news, VP Cathleen A. Ebacher sold 9,184 shares of Adient stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total transaction of $720,025.60. Following the transaction, the vice president now owns 38,187 shares in the company, valued at $2,993,860.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Cathleen A. Ebacher sold 2,584 shares of Adient stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the transaction, the vice president now owns 36,454 shares in the company, valued at approximately $2,884,605.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,525 shares of company stock worth $6,242,744. Company insiders own 0.14% of the company’s stock.
Adient 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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