Adient PLC (ADNT) Earns “Buy” Rating from Royal Bank of Canada

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

Several other research firms have also weighed in on ADNT. Morgan Stanley assumed coverage on shares of Adient PLC in a research note on Tuesday, February 21st. They set an overweight rating and a $95.00 price objective on the stock. Wells Fargo & Co reissued a market perform rating and set a $72.00 price objective (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. Barclays PLC lifted their price objective 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. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Adient PLC in a research note on Monday, November 28th. They issued 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $62.42.

Shares of Adient PLC (NASDAQ:ADNT) opened at 72.10 on Wednesday. The company’s market capitalization is $6.75 billion. The company’s 50 day moving average is $66.39 and its 200 day moving average is $58.27. Adient PLC has a 12-month low of $39.66 and a 12-month high of $76.09.

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, topping the consensus estimate of $2.06 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that Adient PLC will post $9.20 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, April 20th. Shareholders of record on Tuesday, March 28th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a 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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