Wells Fargo Sticks to Its Hold Rating for Adient plc (ADNT)


In a report released yesterday, Rich Kwas from Wells Fargo maintained a Hold rating on Adient plc (NYSE: ADNT). The company’s shares closed yesterday at $31.76, close to its 52-week low of $29.55.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 8.2% and a 58.4% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Acuity Brands, BorgWarner, and Hubbell B.

The word on The Street in general, suggests a Hold analyst consensus rating for Adient plc with a $48.71 average price target, implying a 53.4% upside from current levels. In a report issued on October 10, Robert W. Baird also maintained a Hold rating on the stock with a $42 price target.

.

See today’s analyst top recommended stocks >>

Based on Adient plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.49 billion and net profit of $54 million. In comparison, last year the company earned revenue of $3.98 billion and had a net profit of $344 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts