Adient PLC (NASDAQ:ADNT) has been given a consensus rating of “Buy” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.60.
Several brokerages have issued reports on ADNT. Barclays PLC increased their price objective on shares of Adient PLC to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Adient PLC in a research report on Wednesday, October 18th. UBS AG raised their price target on shares of Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Adient PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine raised shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2981896/adient-plc-adnt-receives-consensus-rating-of-buy-from-brokerages.html.
Adient PLC (ADNT) opened at 85.93 on Wednesday. The firm’s 50-day moving average is $81.71 and its 200 day moving average is $71.39. The firm’s market cap is $8.00 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 quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $2.43 earnings per share. Adient PLC’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts predict that Adient PLC will post $9.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 18th will be paid a $0.275 dividend. 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 1.28%.
In related news, insider Byron S. Foster sold 1,316 shares of Adient PLC stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now owns 67,845 shares of the company’s stock, valued at approximately $4,738,973.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of Adient PLC stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the transaction, the chairman now directly owns 4,818 shares in the company, valued at approximately $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.
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.