Adient PLC (ADNT) Earns “Buy” Rating from Royal Bank of Canada
Several other research analysts have also weighed in on the stock. Morgan Stanley assumed coverage on shares of Adient PLC in a research note on Tuesday, February 21st. They issued an overweight rating and a $95.00 price objective on the stock. Barclays PLC increased their price target on shares of 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 restated a market perform rating and set a $72.00 price target (down previously 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, Susquehanna Bancshares Inc assumed coverage on shares of Adient PLC in a research note on Monday, November 28th. They set a neutral rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Adient PLC currently has a consensus rating of Hold and an average target price of $62.42.
Shares of Adient PLC (NASDAQ:ADNT) opened at 72.10 on Wednesday. Adient PLC has a 52-week low of $39.66 and a 52-week high of $76.09. The company’s market cap is $6.75 billion. The stock has a 50 day moving average of $66.39 and a 200 day moving average of $58.27.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/adient-plc-adnt-earns-buy-rating-from-royal-bank-of-canada.html
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Friday, February 3rd. The company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.06. The company earned $4.04 billion during the quarter, compared to analyst estimates of $3.98 billion. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS. On average, equities analysts anticipate that Adient PLC will post $9.20 earnings per share for the current fiscal year.
Your IP Address:
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Tuesday, March 28th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 24th.
Adient PLC Company Profile
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.