Here's Why Adient (ADNT) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Adient (ADNT)
Dublin, Ireland-based Adient PLC is one of the world’s largest automotive seating suppliers. Created after the separation of the automotive seating and interiors business of Johnson Controls International PLC, Adient now maintains relationships with the largest global auto manufacturers. The company’s technologies extend to virtually every area of automotive seating solutions.
ADNT boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Adient has seen some interesting price action recently; the stock is down 0.2% over the past one week and up 1% over the past four weeks. And in the last one-year period, ADNT has gained 17.8%. As for the stock's trading volume, 596,375.88 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2023, four analysts revised their earnings estimate higher in the last 60 days for ADNT, while the Zacks Consensus Estimate has increased $0.59 to $2.08 per share. ADNT also boasts an average earnings surprise of 29.6%.
Investors should take the time to consider ADNT for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Adient (ADNT) : Free Stock Analysis Report
