Somewhat Positive Press Coverage Somewhat Unlikely to Affect Adient PLC (ADNT) Share Price
News articles about Adient PLC (NYSE:ADNT) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adient PLC earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.0174623737377 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Bullish and Bearish Momentum: Apollo Global Administration, LLC, (NYSE: APO), Adient plc, (NYSE: ADNT … – Stocks In The News (press release) (tradingnewsnow.com)
- Brokerages Anticipate Adient plc (ADNT) Will Post Quarterly Sales of $4.31 Billion (americanbankingnews.com)
- Technical Reports on Metals & Minerals Equities — Adient, BHP Billiton, Smart Sand, and Harsco – PR Newswire (press release) (prnewswire.com)
- Adient plc (ADNT) & REV Group (REVG) Critical Review (americanbankingnews.com)
- Maxim Integrated Products, Inc. (MXIM) Striking Institutional Ownership of 94.60%- Adient plc (ADNT) – Wallstreet Investorplace (wallstreetinvestorplace.com)
Several research analysts have recently weighed in on the stock. Barclays PLC upped their price target on shares of Adient PLC to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Robert W. Baird reduced their price target on shares of Adient PLC from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Adient PLC in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Adient PLC from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, UBS Group AG reduced their price target on shares of Adient PLC from $98.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $76.60.
Shares of Adient PLC (NYSE ADNT) traded down $0.21 on Thursday, reaching $77.65. 597,300 shares of the company traded hands, compared to its average volume of 856,156. Adient PLC has a fifty-two week low of $51.74 and a fifty-two week high of $86.42. The firm has a market capitalization of $7,248.77 and a PE ratio of 8.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 0.92.
Adient PLC (NYSE:ADNT) last announced its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient PLC had a net margin of 5.47% and a return on equity of 23.74%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. equities research analysts predict that Adient PLC will post 10.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 18th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, January 17th. Adient PLC’s payout ratio is 11.62%.
In other Adient PLC news, Director Raymond L. Conner bought 3,000 shares of Adient PLC stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the acquisition, the director now owns 5,270 shares of the company’s stock, valued at approximately $389,505.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
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About Adient PLC
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.
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