Royal Bank Of Canada reaffirmed their buy rating on shares of Adient PLC (NASDAQ:ADNT) in a report released on Thursday, July 6th.

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.

COPYRIGHT VIOLATION NOTICE: “Adient PLC (ADNT) Given “Buy” Rating at Royal Bank Of Canada” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/04/royal-bank-of-canada-reiterates-buy-rating-for-adient-plc-adnt-updated-updated-updated.html.

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.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Receive News & Stock 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 stocks with our FREE daily email newsletter.