Adient plc Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Brian Johnson maintained a Hold rating on Adient plc (NYSE: ADNT) yesterday and set a price target of $66. The company’s shares opened today at $69.24.

According to TipRanks.com, Johnson is a 3-star analyst with an average return of 2.7% and a 55.5% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, Harman International, and Tenneco Automotive.

Adient plc has an analyst consensus of Strong Buy, with a price target consensus of $87.

Based on Adient plc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.04 billion and quarterly net profit of $149 million. In comparison, last year the company earned revenue of $4.3 billion and had a GAAP net loss of $779 million.

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Adient plc is an automotive seating supplier that designs, develops, engineers, manufactures and delivers complete seat systems. The company operates through two segments: Seating and Interiors. Seating segment produces automotive seat metal structures and mechanisms, foam, trim, fabric and complete seat systems they are assembled to specific order and delivered on a predetermined schedule directly to an automotive assembly line. Interiors segment produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trim and other products. Adient was founded on December 17, 2015 and is headquartered Dublin, Ireland.