RBC Capital Thinks Adient’s Stock is Going to Recover

In a report issued on July 7, Joseph Spak from RBC Capital maintained a Buy rating on Adient (ADNTResearch Report), with a price target of $39.00. The company’s shares closed last Friday at $30.04, close to its 52-week low of $27.15.

According to, Spak is ranked 0 out of 5 stars with an average return of -14.6% and a 40.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.

Currently, the analyst consensus on Adient is a Moderate Buy with an average price target of $37.90.

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The company has a one-year high of $50.96 and a one-year low of $27.15. Currently, Adient has an average volume of 970.3K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADNT in relation to earlier this year.

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Adient plc manufactures automotive seating systems. The firm’s products include Complete Seats, Commercial vehicle seats, Structures & Mechanisms, Foam, Fabrics and Trim. It operates through the following segments: Seating, Seat Structures and Mechanism, and Interiors segments. The Seating segment produces automotive seat metal structures and mechanisms, foam, trim, and fabric. The Seat Structures and Mechanism segment produces seat structures and mechanisms for inclusion in complete seat systems that are produced by Adient or others. The Interiors segment offers instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, and decorative trim. The company was founded on December 17, 2015 and is headquartered Dublin, Ireland.

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