Adient PLC (NASDAQ:ADNT) Given Average Rating of “Hold” by Brokerages
Adient PLC (NASDAQ:ADNT) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $61.08.
A number of research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Adient PLC from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Barclays PLC reissued a “hold” rating and issued a $68.00 price target on shares of Adient PLC in a report on Thursday, May 11th. Zacks Investment Research downgraded Adient PLC from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Morgan Stanley decreased their price target on Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th.
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Shares of Adient PLC (NASDAQ:ADNT) opened at 64.00 on Friday. Adient PLC has a 1-year low of $39.66 and a 1-year high of $76.09. The company’s market cap is $5.96 billion. The firm’s 50-day moving average is $66.58 and its 200-day moving average is $67.54.
Adient PLC (NASDAQ:ADNT) last issued its earnings results on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. Adient PLC’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts forecast that Adient PLC will post $9.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Wednesday, July 26th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, July 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.
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