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. “
A number of other equities analysts have also issued reports on the company. Barclays PLC reaffirmed a “hold” rating and set a $68.00 price target on shares of Adient PLC in a research note on Thursday, May 11th. Guggenheim initiated coverage on Adient PLC in a research note on Wednesday, June 21st. They set a “neutral” rating and a $65.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Adient PLC in a research note on Thursday, July 6th. Morgan Stanley decreased their price target 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. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $40.00 price target (down from $50.00) on shares of Adient PLC in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $62.87.
Shares of Adient PLC (NASDAQ:ADNT) opened at 65.97 on Monday. The company has a 50-day moving average price of $66.87 and a 200-day moving average price of $67.58. The stock’s market cap is $6.14 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $76.09.
Adient PLC (NASDAQ:ADNT) last posted its earnings results on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $2.43 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. On average, analysts expect that Adient PLC will post $9.36 EPS for the current fiscal 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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