ADNT Stock Summary and Trading Ideas (Adient PLC Ordinary Shares | NYSE:ADNT)

Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was about $3.8 billion in fiscal 2023 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2023 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $15.4 billion.

Adient PLC Ordinary Shares trades on the NYSE stock market under the symbol ADNT.

As of April 18, 2024, ADNT stock price declined to $28.02 with 1,097,639 million shares trading.

ADNT has a beta of 1.20, meaning it tends to be more sensitive to market movements. ADNT has a correlation of 0.18 to the broad based SPY ETF.

ADNT has a market cap of $2.56 billion. This is considered a Mid Cap stock.

Last quarter Adient PLC Ordinary Shares reported $4 billion in Revenue and $.31 earnings per share. This fell short of revenue expectation by $-50 million and missed earnings estimates by -$.16.

In the last 3 years, ADNT stock traded as high as $53.17 and as low as $27.15.

The top ETF exchange traded funds that ADNT belongs to (by Net Assets): IJH, IWM, VXF, IWN, MDY.

ADNT has underperformed the market in the last year with a price return of -28.6% while the SPY ETF gained +22.2%. ADNT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.5% and -10.4%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

ADNT support price is $27.41 and resistance is $28.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADNT stock will trade within this expected range on the day.