Shares of Adient PLC (NASDAQ:ADNT) have earned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $63.45.
Several brokerages recently weighed in on ADNT. Royal Bank of Canada upped their price target on Adient PLC from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Zacks Investment Research cut Adient PLC from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. Barclays PLC upped their price target on Adient PLC from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, February 6th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $72.00 price target (down from $76.00) on shares of Adient PLC in a research note on Monday, February 6th. They noted that the move was a valuation call. Finally, Morgan Stanley began coverage on Adient PLC in a research note on Tuesday, February 21st. They issued an “overweight” rating and a $95.00 price target on the stock.
Adient PLC (NASDAQ:ADNT) traded up 0.32% during midday trading on Tuesday, reaching $69.31. 508,259 shares of the company traded hands. The firm’s market capitalization is $6.49 billion. The firm has a 50-day moving average price of $69.50 and a 200-day moving average price of $60.19. 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 earnings results on Friday, February 3rd. The company reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.06. The firm earned $4.04 billion during the quarter, compared to the consensus estimate of $3.98 billion. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 EPS. Equities analysts predict that Adient PLC will post $9.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Tuesday, March 28th were paid a $0.275 dividend. The ex-dividend date was Friday, March 24th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.59%.
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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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