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

Shares of Adient PLC (NYSE:ADNT) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $54.50.

Several research firms have recently commented on ADNT. Bank of America raised Adient from an “underperform” rating to a “hold” rating and set a $44.00 target price for the company in a research note on Thursday, September 13th. Zacks Investment Research cut Adient from a “hold” rating to a “strong sell” rating in a research note on Monday, July 16th. Longbow Research reissued a “buy” rating and issued a $58.00 target price on shares of Adient in a research note on Friday, July 27th. Guggenheim set a $46.00 target price on Adient and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, ValuEngine lowered Adient from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd.

ADNT stock traded up $1.40 during midday trading on Wednesday, reaching $31.58. 1,657,774 shares of the company’s stock traded hands, compared to its average volume of 1,321,358. Adient has a 1-year low of $29.55 and a 1-year high of $86.26. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 3.33, a P/E/G ratio of 0.57 and a beta of -0.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84.

Adient (NYSE:ADNT) last released its earnings results on Thursday, July 26th. The company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.11). The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.34 billion. Adient had a net margin of 0.08% and a return on equity of 14.27%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $2.52 earnings per share. On average, equities analysts expect that Adient will post 5.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 24th will be given a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.10 annualized dividend and a dividend yield of 3.48%. Adient’s dividend payout ratio is currently 11.76%.

Several large investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC lifted its holdings in Adient by 268.8% during the second quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock worth $100,000 after acquiring an additional 1,481 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of Adient in the second quarter valued at about $158,000. Jane Street Group LLC bought a new stake in shares of Adient in the first quarter valued at about $210,000. Alps Advisors Inc. bought a new stake in shares of Adient in the second quarter valued at about $221,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Adient in the first quarter valued at about $255,000. Institutional investors and hedge funds own 97.85% of the company’s stock.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.

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Analyst Recommendations for Adient (NYSE:ADNT)

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