Adient PLC (ADNT) Given “Buy” Rating at Royal Bank Of Canada
Adient PLC (NASDAQ:ADNT)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a note issued to investors on Monday. They currently have a $82.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 1.15% from the company’s current price.
Several other research analysts also recently commented on the company. Bank of America Corporation restated an “underperform” rating and set a $40.00 price objective (down from $50.00) on shares of Adient PLC in a report on Friday, June 16th. Morgan Stanley reduced their price objective on Adient PLC from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Zacks Investment Research upgraded Adient PLC from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, May 31st. Finally, Guggenheim initiated coverage on Adient PLC in a report on Wednesday, June 21st. They set a “neutral” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.67.
Shares of Adient PLC (NASDAQ ADNT) opened at 82.95 on Monday. The company’s market capitalization is $7.72 billion. Adient PLC has a 52-week low of $39.66 and a 52-week high of $83.58. The company’s 50 day moving average price is $77.42 and its 200 day moving average price is $77.42.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.50 by $0.02. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. Adient PLC’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the business posted $2.43 EPS. On average, analysts predict that Adient PLC will post $9.36 EPS for the current year.
In other news, Chairman R Bruce Mcdonald sold 4,607 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the sale, the chairman now owns 4,818 shares of the company’s stock, valued at approximately $330,852.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the completion of the sale, the insider now directly owns 67,845 shares of the company’s stock, valued at approximately $4,738,973.25. The disclosure for this sale can be found here.
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.
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