Adient PLC (ADNT) Rating Reiterated by Barclays PLC

Adient PLC (NASDAQ:ADNT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays PLC in a report released on Friday. They presently have a $81.00 target price on the stock. Barclays PLC’s price target would suggest a potential upside of 4.62% from the company’s previous close.

ADNT has been the subject of several other research reports. Zacks Investment Research cut Adient PLC from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. UBS AG cut their target price on Adient PLC from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Adient PLC in a research report on Wednesday, October 18th. Robert W. Baird cut their target price on Adient PLC from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $76.60.

Shares of Adient PLC (NASDAQ ADNT) traded up $0.47 during mid-day trading on Friday, hitting $77.42. The stock had a trading volume of 496,700 shares, compared to its average volume of 852,897. Adient PLC has a 12 month low of $44.33 and a 12 month high of $86.42.

Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.13. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share.

ILLEGAL ACTIVITY NOTICE: “Adient PLC (ADNT) Rating Reiterated by Barclays PLC” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/11/13/adient-plc-adnt-rating-reiterated-by-barclays-plc.html.

In other news, insider Byron S. Foster sold 1,316 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 67,845 shares in the company, valued at $4,738,973.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the transaction, the chairman now owns 4,818 shares in the company, valued at approximately $330,852.06. 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.

Analyst Recommendations for Adient PLC (NASDAQ:ADNT)

Receive News & Ratings for Adient PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply