Adient PLC (NASDAQ:ADNT)‘s stock had its “hold” rating reissued by investment analysts at Barclays PLC in a research note issued on Friday. They presently have a $66.00 price objective on the stock. Barclays PLC’s price target indicates a potential downside of 4.47% from the company’s previous close.
ADNT has been the subject of several other reports. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 price target on shares of Adient PLC in a research report on Monday, April 10th. Zacks Investment Research upgraded Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, March 21st. Wells Fargo & Co reiterated a “market perform” rating and set a $72.00 price target (down from $76.00) on shares of Adient PLC in a research report on Monday, February 6th. They noted that the move was a valuation call. Finally, Morgan Stanley started coverage on Adient PLC in a research note on Tuesday, February 21st. They set an “overweight” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Adient PLC presently has a consensus rating of “Hold” and a consensus target price of $63.92.
Adient PLC (NASDAQ:ADNT) traded up 0.22% during midday trading on Friday, reaching $69.24. 644,324 shares of the company traded hands. Adient PLC has a 1-year low of $39.66 and a 1-year high of $76.09. The stock’s market capitalization is $6.49 billion. The firm has a 50-day moving average of $69.50 and a 200-day moving average of $60.19.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings results on Friday, February 3rd. The company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts predict that Adient PLC will post $9.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 20th. Shareholders of record on Tuesday, March 28th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, March 24th.
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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