Adient PLC (ADNT) Receives Consensus Rating of “Buy” from Brokerages

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.

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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.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

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