Adient plc Gets a Buy Rating from Longbow Research


Longbow Research analyst Anthony Deem maintained a Buy rating on Adient plc (NYSE: ADNT) today and set a price target of $68. The company’s shares closed on Friday at $56.98, close to its 52-week low of $52.52.

Deem noted:

“On average, ADNT’s stock traded at 5.2x the past 2 years and stands at 5.7x today. On a P/E basis, shares have traded at 6.5x over the past 2 years and currently trades at 6.2x.”

According to TipRanks.com, Deem is a 3-star analyst with an average return of 5.5% and a 78.6% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Aptiv PLC, and Lear Corp.

Adient plc has an analyst consensus of Hold, with a price target consensus of $67.20.

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Based on Adient plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.6 billion and GAAP net loss of $168 million. In comparison, last year the company earned revenue of $4.21 billion and had a net profit of $192 million.

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Adient plc engages in designing, developing, manufacturing, and delivering complete seat systems for vehicles. It operates through the Seating and Interiors segments. The Seating segment produces automotive seat metal structures and mechanisms, foam, trim, and fabric.

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