Adient PLC (ADNT) Upgraded by Zacks Investment Research to Hold

Adient PLC (NASDAQ:ADNT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “

ADNT has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 price target on shares of Adient PLC in a research note on Monday, April 10th. Barclays PLC reiterated a “hold” rating and set a $68.00 price objective on shares of Adient PLC in a report on Thursday, May 11th. Guggenheim began coverage on shares of Adient PLC in a report on Wednesday, June 21st. They set a “neutral” rating and a $65.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $40.00 price objective (down previously from $50.00) on shares of Adient PLC in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.87.

Adient PLC (ADNT) traded up 0.64% during mid-day trading on Monday, reaching $65.97. 500,272 shares of the company’s stock traded hands. The firm’s market cap is $6.14 billion. The firm’s 50-day moving average price is $66.87 and its 200 day moving average price is $67.58. Adient PLC has a one year low of $39.66 and a one year high of $76.09.

Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the company posted $2.43 EPS. The business’s revenue was down 7.9% on a year-over-year basis. On average, equities analysts forecast that Adient PLC will post $9.36 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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