RBC Capital Keeps Their Hold Rating on Adient plc

By Carrie Williams

In a report released today, Joseph Spak from RBC Capital reiterated a Hold rating on Adient plc (NYSE: ADNT), with a price target of $72. The company’s shares closed on Friday at $65.26.

According to TipRanks.com, Spak is a 5-star analyst with an average return of 11.2% and a 62.0% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Arvinmeritor.

Adient plc has an analyst consensus of Hold, with a price target consensus of $72.38.

Based on Adient plc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.2 billion and GAAP net loss of $216 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.