Longbow Research analyst Anthony Deem reiterated a Buy rating on Adient plc (ADNT) yesterday and set a price target of $26. The company’s shares closed yesterday at $23.73.
According to TipRanks.com, Deem has 0 stars on 0-5 star ranking scale with an average return of -5.3% and a 37.3% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Lear Corp.
Currently, the analyst consensus on Adient plc is a Moderate Buy with an average price target of $22.50, implying a -5.2% downside from current levels. In a report issued on April 12, Merrill Lynch also upgraded the stock to Buy with a $25 price target.
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Based on Adient plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.16 billion and GAAP net loss of $17 million. In comparison, last year the company earned revenue of $4.6 billion and had a GAAP net loss of $168 million.
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Adient plc engages in designing, developing, manufacturing, and delivering complete seat systems for vehicles. It operates through the following segments: Seating, Seat Structures and Mechanism, and Interiors segments. The Seating segment produces automotive seat metal structures and mechanisms, foam, trim, and fabric.
