Adient PLC (ADNT) Given Average Rating of “Hold” by Analysts

Shares of Adient PLC (NYSE:ADNT) have earned a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $69.90.

A number of research firms have recently commented on ADNT. ValuEngine lowered shares of Adient from a “strong-buy” rating to a “buy” rating in a research report on Friday. Morgan Stanley reduced their price target on shares of Adient from $89.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday. Buckingham Research reduced their price target on shares of Adient from $74.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays dropped their price objective on shares of Adient from $71.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Guggenheim set a $64.00 price objective on shares of Adient and gave the stock a “hold” rating in a report on Tuesday.

Adient (NYSE ADNT) opened at $64.70 on Friday. Adient has a one year low of $59.10 and a one year high of $86.42. The firm has a market cap of $6,030.00 and a P/E ratio of 11.89. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Adient (NYSE:ADNT) last released its quarterly earnings results on Monday, January 29th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.79). The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Adient had a net margin of 3.19% and a return on equity of 19.04%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 earnings per share. equities analysts predict that Adient will post 8.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, January 17th. Adient’s dividend payout ratio is presently 20.22%.

In other news, Chairman R Bruce Mcdonald sold 67,757 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The sale 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 dated Monday, December 4th. The shares were sold at an average price of $79.13, for a total transaction of $204,471.92. Following the transaction, the vice president now directly owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The disclosure for this sale can be found here. Insiders sold 79,525 shares of company stock valued at $6,242,744 over the last three months. 0.14% of the stock is currently owned by insiders.

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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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