ValuEngine upgraded shares of Adient PLC (NASDAQ:ADNT) from a buy rating to a strong-buy rating in a research report report published on Monday, October 16th.
Several other equities research analysts have also recently issued reports on ADNT. Guggenheim initiated coverage on shares of Adient PLC in a research note on Wednesday, June 21st. They set a neutral rating and a $65.00 target price on the stock. Royal Bank Of Canada reaffirmed an outperform rating and set a $85.00 target price on shares of Adient PLC in a research note on Wednesday, June 28th. Finally, Zacks Investment Research cut shares of Adient PLC from a hold rating to a sell rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $72.36.
Adient PLC (ADNT) opened at 84.20 on Monday. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42. The company’s 50 day moving average is $82.02 and its 200-day moving average is $71.48. The company’s market cap is $7.84 billion.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.50 by $0.02. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 EPS. On average, analysts expect that Adient PLC will post $9.38 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Adient PLC (ADNT) Lifted to Strong-Buy at ValuEngine” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/28/adient-plc-adnt-upgraded-at-valuengine.html.
The firm also recently declared 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 is Tuesday, October 17th. This represents a $1.10 dividend on an annualized basis and a yield of 1.31%.
In other Adient PLC news, Director Raymond L. Conner purchased 3,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the purchase, the director now directly owns 5,270 shares of the company’s stock, valued at $389,505.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Byron S. Foster sold 1,316 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total transaction of $91,922.60. Following the sale, the insider now owns 67,845 shares in the company, valued at $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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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 MarketBeat.com's FREE daily email newsletter.