Morgan Stanley Lowers Adient PLC (ADNT) Price Target to $85.00

Adient PLC (NASDAQ:ADNT) had its price objective lowered by equities research analysts at Morgan Stanley from $95.00 to $85.00 in a report issued on Friday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 26.08% from the company’s previous close.

Other research analysts have also issued research reports about the company. Barclays PLC restated a “hold” rating and set a $68.00 price objective on shares of Adient PLC in a research report on Thursday, May 11th. Zacks Investment Research lowered Adient PLC from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Adient PLC in a research report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Adient PLC currently has a consensus rating of “Hold” and an average price target of $62.92.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Shares of Adient PLC (NASDAQ ADNT) traded down 1.02% during midday trading on Friday, reaching $66.73. The company’s stock had a trading volume of 1,006,107 shares. The firm’s market capitalization is $6.25 billion. Adient PLC has a 1-year low of $39.66 and a 1-year high of $76.09. The company’s 50-day moving average price is $69.89 and its 200 day moving average price is $65.04.

Adient PLC (NASDAQ:ADNT) last issued its earnings results on Friday, April 28th. The company reported $2.50 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 analyst estimates of $4.29 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Adient PLC will post $9.41 earnings per share for the current year.

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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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