Adient PLC (ADNT) Given Consensus Recommendation of “Hold” by Brokerages
Adient PLC (NASDAQ:ADNT) has been assigned an average rating of “Hold” from the fourteen research firms that are covering the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.00.
Several research analysts have recently issued reports on ADNT shares. Royal Bank of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Adient PLC in a research note on Monday, April 10th. Zacks Investment Research upgraded Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, March 21st. Barclays PLC raised their price objective 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. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $72.00 price objective (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.
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Adient PLC (NASDAQ:ADNT) traded down 0.12% during trading on Friday, hitting $65.97. The stock had a trading volume of 328,797 shares. The stock’s market capitalization is $6.18 billion. Adient PLC has a 52-week low of $39.66 and a 52-week high of $76.09. The stock’s 50-day moving average is $69.46 and its 200-day moving average is $63.44.
Adient PLC (NASDAQ:ADNT) last announced its quarterly earnings data on Friday, April 28th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.06. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts predict that Adient PLC will post $9.41 earnings per share for the current fiscal year.
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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