Royal Bank of Canada restated their buy rating on shares of Adient PLC (NASDAQ:ADNT) in a research report report published on Wednesday morning.

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.

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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.

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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.

5 Day Chart for NASDAQ:ADNT

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