Adient PLC (ADNT) Given “Buy” Rating at Royal Bank Of Canada
ADNT has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Adient PLC from a hold rating to a buy rating and set a $81.00 price objective for the company in a research note on Tuesday, March 21st. Bank of America Corporation reiterated an underperform rating and issued a $40.00 price target (down from $50.00) on shares of Adient PLC in a research note on Friday, June 16th. Morgan Stanley reduced their price target on shares of Adient PLC from $95.00 to $85.00 and set an overweight rating for the company in a research note on Friday, June 9th. Barclays PLC reiterated a hold rating and issued a $66.00 price target (up from $64.00) on shares of Adient PLC in a research note on Friday, April 21st. Finally, Guggenheim started coverage on shares of Adient PLC in a research note on Wednesday, June 21st. They issued a neutral rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $62.87.
Adient PLC (NASDAQ:ADNT) traded up 1.36% on Thursday, reaching $64.91. The company’s stock had a trading volume of 592,867 shares. 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 is $66.30 and its 200-day moving average is $67.57. The firm’s market cap is $6.04 billion.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.02. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. Adient PLC had a net margin of 5.13% and a return on equity of 22.35%. Adient PLC’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. On average, equities research analysts anticipate that Adient PLC will post $9.37 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, July 24th.
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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