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.
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%.
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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