The Adient PLC (ADNT) Rating Lowered to Hold at Zacks Investment Research

The Adient PLC (ADNT) Rating Lowered to Hold at Zacks Investment Research

According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “

Zacks Investment Research cut shares of Adient PLC (NASDAQ:ADNT) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other research firms also recently issued reports on ADNT. Barclays PLC lifted 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. Royal Bank of Canada reaffirmed an outperform rating and issued a $85.00 price objective (up previously from $73.00) on shares of Adient PLC in a research note on Monday, February 6th. Morgan Stanley started coverage on Adient PLC in a research note on Tuesday, February 21st. They issued an overweight rating and a $95.00 price objective on the stock. Finally, Wells Fargo & Co reissued a market perform rating and set a $72.00 target price (down previously from $76.00) on shares of Adient PLC in a research report on Monday, February 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $63.69.

A number of other research firms also recently issued reports on ADNT. Barclays PLC lifted 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. Royal Bank of Canada reaffirmed an outperform rating and issued a $85.00 price objective (up previously from $73.00) on shares of Adient PLC in a research note on Monday, February 6th. Morgan Stanley started coverage on Adient PLC in a research note on Tuesday, February 21st. They issued an overweight rating and a $95.00 price objective on the stock. Finally, Wells Fargo & Co reissued a market perform rating and set a $72.00 target price (down previously from $76.00) on shares of Adient PLC in a research report on Monday, February 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $63.69. Shares of Adient PLC (ADNT) opened at 71.01 on Tuesday. Adient PLC has a 1-year low of $39.66 and a 1-year high of $76.09. The stock’s 50 day moving average price is $69.77 and its 200-day moving average price is $64.41. The stock’s market cap is $6.65 billion.

Adient PLC (NASDAQ:ADNT) last released its quarterly earnings data on Friday, April 28th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.06. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. The firm’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. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ADNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on Adient PLC (ADNT)

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