Adient PLC (NASDAQ:ADNT) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $61.08.
Several analysts recently commented on ADNT shares. Zacks Investment Research downgraded shares of Adient PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Barclays PLC reissued a “hold” rating and set a $66.00 price objective (up from $64.00) on shares of Adient PLC in a research report on Friday, April 21st. Royal Bank Of Canada reissued a “buy” rating on shares of Adient PLC in a research report on Thursday, July 6th. Bank of America Corporation reissued an “underperform” rating and set a $40.00 price objective (down from $50.00) on shares of Adient PLC in a research report on Friday, June 16th. Finally, Morgan Stanley cut their price objective on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, June 9th.
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Adient PLC (NASDAQ ADNT) opened at 64.00 on Friday. The company’s 50 day moving average is $66.58 and its 200-day moving average is $67.54. Adient PLC has a 52-week low of $39.66 and a 52-week high of $76.09. The company’s market capitalization is $5.96 billion.
Adient PLC (NASDAQ:ADNT) last announced its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $2.43 EPS. Adient PLC’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts anticipate that Adient PLC will post $9.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Wednesday, July 26th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, July 24th.
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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