Wells Fargo Sticks to Its Buy Rating for Adient (ADNT)

In a report released today, Colin Langan from Wells Fargo maintained a Buy rating on Adient (ADNTResearch Report), with a price target of $45.00. The company’s shares closed last Friday at $33.05.

According to TipRanks, Langan is an analyst with an average return of -1.2% and a 51.58% success rate. Langan covers the Consumer Goods sector, focusing on stocks such as Tesla, Ford Motor, and General Motors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adient with a $40.57 average price target, a 22.75% upside from current levels. In a report released today, Deutsche Bank also maintained a Buy rating on the stock with a $42.00 price target.

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ADNT market cap is currently $3.13B and has a P/E ratio of 3.99.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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