The price of Adient plc (NYSE:ADNT) shares last traded on Wall Street rose 1.33% to $43.40.
Based on available information, 10 analysts follow Adient plc (NYSE:ADNT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $30.00, we find $43.50. Given the previous closing price of $42.83, this indicates a potential upside of 1.56 percent. ADNT stock price is now 12.32% away from the 50-day moving average and 12.56% away from the 200-day moving average. The market capitalization of the company currently stands at $4.12B.
Among analysts, 3 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $43.88 as their price target over the next twelve months.
In other news, DELGROSSO DOUGLAS G, President and CEO sold 17,980 shares of the company’s stock on Mar 06. The stock was sold for $809,819 at an average price of $45.04. Upon completion of the transaction, the President and CEO now directly owns 599,577 shares in the company, valued at $26.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06, EVP, CLO, CHRO & Secretary Tiltmann Heather M sold 4,900 shares of the business’s stock. A total of $220,598 was realized by selling the stock at an average price of $45.02. This leaves the insider owning 36,070 shares of the company worth $1.57 million. Insiders disposed of 402,124 shares of company stock worth roughly $17.45 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADNT stock. A new stake in Adient plc shares was purchased by LETKO, BROSSEAU & ASSOCIATES INC during the first quarter worth $60,902,000. GREAT LAKES ADVISORS, LLC invested $17,261,000 in shares of ADNT during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Adient plc valued at approximately $6,124,000. TWINBEECH CAPITAL LP acquired a new stake in ADNT for approximately $5,383,000. SQUAREPOINT OPS LLC purchased a new stake in ADNT valued at around $5,123,000 in the second quarter.
A candlestick chart of Adient plc (NYSE: ADNT) showed a price of $45.14 on Wednesday morning. During the past 12 months, Adient plc has had a low of $27.74 and a high of $47.50. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for ADNT is $38.80 and a two-hundred day moving average price translates $38.62 for the stock.
According to the Auto Parts Company, earnings per share came in at $0.32, missing analysts’ expectations of $0.43 by -0.11. This compares to -$0.63 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 0.60% for ADNT. The company reported revenue of $3.91 billion for the quarter, compared to $3.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.58 percent. For the current quarter, analysts expect ADNT to generate $3.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2018. Investors who held shares on 10/24/2018 were paid a $0.275 dividend.
