Adient PLC (NASDAQ:ADNT) Lifted to Hold at Zacks Investment Research
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. “
Several other research firms also recently commented on ADNT. Royal Bank Of Canada reissued a “buy” rating on shares of Adient PLC in a research report on Thursday, July 6th. Guggenheim began coverage on shares of Adient PLC in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $65.00 target price for the company. Bank of America Corporation reissued an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Adient PLC in a research report on Friday, June 16th. Morgan Stanley decreased their price objective on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $68.00 price objective on shares of Adient PLC in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.87.
Adient PLC (NASDAQ:ADNT) traded up 0.95% during trading on Monday, hitting $66.05. The company’s stock had a trading volume of 80,349 shares. The company has a 50-day moving average of $66.62 and a 200 day moving average of $67.55. The firm’s market cap is $6.15 billion. Adient PLC has a one year low of $39.66 and a one year high of $76.09.
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 the Thomson Reuters’ consensus estimate of $2.50 by $0.02. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.12 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. On average, equities analysts forecast that Adient PLC will post $9.36 earnings per share for the current 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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