Adient is Setting for a Big Move, Here’s Why

This post was originally published on this site

It benefits from a diverse customer base and a strong international presence. ADNT has been seeing strong revenue, driven by recovering industry volume and a healthy backlog. It has also seen new business wins from auto companies such as Honda (HMC), Toyota (TM), and Nissan (OTC:NSANY), which should help drive revenue growth.

ADNT has a current ratio of 1.1 which indicates it has more than enough liquidity to handle short-term obligations. The company has also shown strong growth as earnings have grown an average of 107.9% per year over the past three years. Analysts forecast earnings to rise 5,625% this year, leading to a Growth Grade of B in our POWR Ratings system.

Continue reading on StockNews