KeyBanc: Time To Buy Adient (ADNT)? Has $18 Valuation Target

Why Has KeyBanc Given Adient (ADNT) a $18 Price Target

EU: Adient (ADNT) coverage was initiated with a key ‘Underweight’ rating as well as a $18 target price per share at KeyBanc. The price target by KeyBanc would indicate downside of -5.06 % from the close price.

Adient plc (NYSE:ADNT) Ratings Coverage

Among 7 analysts covering Adient plc (ADNT), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Adient plc has $7300 highest and $20 lowest target. $44.33’s average target is 133.81% above currents $18.96 stock price. Adient plc had 10 analyst reports since June 12, 2018 according to SRatingsIntel. UBS maintained Adient plc (NYSE:ADNT) on Tuesday, June 19 with “Buy” rating. Barclays Capital maintained the shares of ADNT in report on Monday, July 30 with “Equal-Weight” rating. The firm earned “Underweight” rating on Wednesday, November 14 by Morgan Stanley. Wells Fargo downgraded the stock to “Hold” rating in Tuesday, June 12 report. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, July 31 report. The stock of Adient plc (NYSE:ADNT) earned “Neutral” rating by Robert W. Baird on Monday, November 12. The rating was upgraded by Bank of America on Thursday, September 13 to “Neutral”. Wells Fargo initiated it with “Hold” rating and $5000 target in Wednesday, June 20 report. The firm has “Neutral” rating given on Wednesday, October 3 by Buckingham Research. On Friday, July 27 the stock rating was upgraded by Robert W. Baird to “Neutral”.

The stock decreased 4.77% or $0.95 during the last trading session, reaching $18.96. About 2.18M shares traded or 20.05% up from the average. Adient plc (ADNT) has declined 74.84% since December 11, 2017 and is downtrending. It has underperformed by 74.84% the S&P500.

Analysts await Adient plc (NYSE:ADNT) to report earnings on February, 4. They expect $0.69 EPS, down 34.91 % or $0.37 from last year’s $1.06 per share. ADNT’s profit will be $64.45 million for 6.87 P/E if the $0.69 EPS becomes a reality. After $1.30 actual EPS reported by Adient plc for the previous quarter, Wall Street now forecasts -46.92 % negative EPS growth.

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The company has market cap of $1.77 billion. The firm operates through Seating and Interiors divisions. It currently has negative earnings. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, and fabric and complete seat systems.

More notable recent Adient plc (NYSE:ADNT) news were published by: Prnewswire.com which released: “John Hancock and the Boston Athletic Association Announce Return of Defending Champions for 2019 Boston Marathon – PRNewswire” on December 10, 2018, also Reuters.com with their article: “Dow, S&P dogged by growth worries; techs help Nasdaq bounce – Reuters” published on December 10, 2018, Fool.com published: “Why Don’t More Pot Stocks List on the NYSE or Nasdaq? – Motley Fool” on November 27, 2018. More interesting news about Adient plc (NYSE:ADNT) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: HAS CPB CHGG ADNT COST SFIX GOOG CWH OZK NKTR AQUA RBBN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” published on November 21, 2018 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: ADNT TRVN SFIX GOOG CWH OZK NKTR SYF GSKY: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” with publication date: November 29, 2018.

Adient plc (NYSE:ADNT) Ratings Chart

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