Media coverage about Adient PLC (NASDAQ:ADNT) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Adient PLC earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.341004971985 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Tesla’s seat strategy goes against the grain…for now – Reuters (reuters.com)
- Adient PLC (ADNT) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- 5 Low Price-to-Book Stocks that Make Solid Bets – Nasdaq (nasdaq.com)
- New Strong Buy Stocks for October 25th (zacks.com)
Adient PLC (NASDAQ ADNT) opened at 83.50 on Tuesday. Adient PLC has a 52-week low of $39.66 and a 52-week high of $86.42. The stock has a 50 day moving average price of $82.96 and a 200 day moving average price of $71.88. The company’s market capitalization is $7.78 billion.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.275 per share. The ex-dividend date is Tuesday, October 17th. This represents a $1.10 dividend on an annualized basis and a yield of 1.32%.
Several research firms have recently commented on ADNT. Barclays PLC lifted their target price on Adient PLC to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. UBS AG lifted their target price on Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 target price on shares of Adient PLC in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. Finally, ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $72.36.
In related news, Director Raymond L. Conner acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $73.91 per share, with a total value of $221,730.00. Following the transaction, the director now directly owns 5,270 shares of the company’s stock, valued at $389,505.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total transaction of $91,922.60. Following the transaction, the insider now directly owns 67,845 shares in the company, valued at approximately $4,738,973.25. The disclosure for this sale can be found here.
Adient PLC Company Profile
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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