Adient PLC (ADNT) Receives “Hold” Rating from Barclays PLC

Adient PLC (NASDAQ:ADNT)‘s stock had its “hold” rating reaffirmed by stock analysts at Barclays PLC in a research note issued to investors on Thursday, May 11th. They presently have a $68.00 target price on the stock. Barclays PLC’s target price points to a potential upside of 9.91% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Adient PLC from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank of Canada raised their price objective on Adient PLC from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 6th. Morgan Stanley began coverage on Adient PLC in a report on Tuesday, February 21st. They issued an “overweight” rating and a $95.00 price target for the company. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $72.00 price target (down previously from $76.00) on shares of Adient PLC in a report on Monday, February 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.54.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Adient PLC (NASDAQ:ADNT) opened at 61.87 on Thursday. The company’s market cap is $5.80 billion. The company has a 50-day moving average of $69.07 and a 200-day moving average of $65.30. Adient PLC has a 52 week low of $39.66 and a 52 week high of $76.09.

Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Friday, April 28th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.06. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Adient PLC will post $9.41 EPS for the current year.

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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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