Adient PLC (ADNT) Lifted 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 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.

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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.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

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