Adient PLC (ADNT) Receives Average Recommendation of “Buy” from Analysts

Adient PLC (NYSE:ADNT) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the firm, reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $78.75.

ADNT has been the subject of several recent research reports. UBS upped their target price on Adient from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 target price on shares of Adient in a report on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating on shares of Adient in a report on Tuesday, October 17th. Zacks Investment Research upgraded Adient from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, October 2nd. Finally, Barclays boosted their price objective on Adient to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th.

Adient (NYSE ADNT) opened at $78.85 on Thursday. The company has a market capitalization of $7,419.14 and a P/E ratio of 8.41. Adient has a fifty-two week low of $51.74 and a fifty-two week high of $86.42. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.75.

Adient (NYSE:ADNT) last posted its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.13. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.85 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. sell-side analysts predict that Adient will post 10.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, January 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.40%. Adient’s dividend payout ratio is presently 11.62%.

In other Adient news, Chairman R Bruce Mcdonald sold 67,757 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $78.49, for a total value of $5,318,246.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cathleen A. Ebacher sold 2,584 shares of the company’s 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 completion of the sale, the vice president now owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,525 shares of company stock valued at $6,242,744. Insiders own 0.14% of the company’s stock.

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About Adient

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 (NYSE:ADNT)

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