Equities researchers at Guggenheim began coverage on shares of Adient PLC (NASDAQ:ADNT) in a report issued on Wednesday. The brokerage set a “neutral” rating and a $65.00 price target on the stock. Guggenheim’s target price indicates a potential upside of 4.25% from the company’s current price.
ADNT has been the topic of several other reports. Royal Bank Of Canada boosted their price objective on shares of Adient PLC from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Tuesday, March 21st. Morgan Stanley started coverage on shares of Adient PLC in a report on Tuesday, February 21st. They issued an “overweight” rating and a $95.00 price objective on the stock. Bank of America Corporation restated an “underperform” rating and issued a $40.00 price objective (down from $50.00) on shares of Adient PLC in a report on Friday, June 16th. Finally, Barclays PLC restated a “hold” rating and issued a $66.00 price objective (up from $64.00) on shares of Adient PLC in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $62.71.
Shares of Adient PLC (ADNT) opened at 62.35 on Wednesday. The stock has a 50 day moving average of $68.38 and a 200 day moving average of $65.57. The stock’s market cap is $5.84 billion. Adient PLC has a 52 week low of $39.66 and a 52 week high of $76.09.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Friday, April 28th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.06. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Adient PLC had a net margin of 5.13% and a return on equity of 22.35%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts expect that Adient PLC will post $9.41 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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