Adient PLC (NASDAQ:ADNT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, July 24th.
According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “
A number of other equities analysts have also weighed in on ADNT. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of Adient PLC in a research report on Monday, April 10th. Barclays PLC restated a “hold” rating and issued a $66.00 price objective (up previously from $64.00) on shares of Adient PLC in a research note on Friday, April 21st. Morgan Stanley reduced their price objective on Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. Bank of America Corporation restated an “underperform” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Adient PLC in a research note on Friday, June 16th. Finally, Guggenheim began coverage on Adient PLC in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.87.
Adient PLC (NASDAQ:ADNT) opened at 65.43 on Monday. The stock’s 50 day moving average is $66.62 and its 200 day moving average is $67.55. Adient PLC has a 52 week low of $39.66 and a 52 week high of $76.09. The company’s market capitalization is $6.09 billion.
Adient PLC (NASDAQ:ADNT) last issued its earnings results on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $2.43 earnings per share. Adient PLC’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts predict that Adient PLC will post $9.36 EPS for the current fiscal year.
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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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