Adient plc (NYSE:ADNT) traded today at a new 52-week high of $40.45. Approximately 326,000 shares have changed hands today, as compared to an average 30-day volume of 942,000 shares.
Adient plc has overhead space with shares priced $38.32, or 54.3% below the average consensus analyst price target of $83.81.
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 as well as a dominant share in China of about 45%. Operations in China are accounted for under the equity method so revenue there is unconsolidated. Unconsolidated seating and interiors revenue from joint ventures totaled $15.6 billion in fiscal 2019. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2019 consolidated revenue, excluding joint venture sales, was $16.5 billion.
Adient plc share prices have moved between a 52-week high of $40.45 and a 52-week low of $5.90 and are now trading 549% above that low price at $38.32 per share.
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