Adient plc (ADNT) Gets a Hold Rating from Robert W. Baird

By Jason Carr

Robert W. Baird analyst David Leiker maintained a Hold rating on Adient plc (ADNTResearch Report) today and set a price target of $25. The company’s shares opened today at $21.47, close to its 52-week low of $21.09.

According to TipRanks.com, Leiker is a 4-star analyst with an average return of 5.5% and a 54.8% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Visteon Corp.

Currently, the analyst consensus on Adient plc is a Hold with an average price target of $32, implying a 49.0% upside from current levels. In a report issued on November 9, Wells Fargo also maintained a Hold rating on the stock.

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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.

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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.