Adient PLC’s (ADNT) “Hold” Rating Reiterated at Barclays PLC

Adient PLC (NASDAQ:ADNT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays PLC in a research report issued on Friday. They currently have a $66.00 price objective on the stock, up from their prior price objective of $64.00. Barclays PLC’s price objective would indicate a potential downside of 5.28% from the company’s previous close.

ADNT has been the topic of several other research reports. Wells Fargo & Co reiterated a “market perform” rating and issued a $72.00 target price (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. Zacks Investment Research upgraded shares of Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 target price (up previously from $73.00) on shares of Adient PLC in a report on Monday, February 6th. Finally, Morgan Stanley initiated coverage on shares of Adient PLC in a report on Tuesday, February 21st. They issued an “overweight” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Adient PLC presently has an average rating of “Hold” and an average price target of $63.62.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Adient PLC (NASDAQ:ADNT) traded up 0.64% during midday trading on Friday, reaching $69.68. 741,784 shares of the company traded hands. The firm’s market capitalization is $6.53 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $76.09. The firm’s 50 day moving average price is $69.55 and its 200 day moving average price is $60.26.



Adient PLC (NASDAQ:ADNT) last announced its earnings results on Friday, February 3rd. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.06 by $0.06. The firm earned $4.04 billion during the quarter, compared to the consensus estimate of $3.98 billion. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 EPS. On average, analysts expect that Adient PLC will post $9.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 20th. Shareholders of record on Tuesday, March 28th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $1.10 annualized dividend and a yield of 1.58%.

ILLEGAL ACTIVITY WARNING: “Adient PLC’s (ADNT) “Hold” Rating Reiterated at Barclays PLC” was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/04/21/adient-plc-adnt-given-hold-rating-at-barclays-plc.html.

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.

5 Day Chart for NASDAQ:ADNT

Receive News & Ratings for Adient PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply