The stock of Adient PLC (NYSE:ADNT) reached all time high today, Nov, 16 and still has $77.42 target or 61.00% above today’s $48.09 share price. This indicates more upside for the $4.69B company. This technical setup was reported by Barchart.com. If the $77.42 PT is reached, the company will be worth $2.86 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 572,994 shares traded hands. Adient PLC (NYSE:ADNT) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
Adient PLC (NYSE:ADNT) Ratings Coverage
Out of 8 analysts covering Ardent Mines (NYSE:ADNT), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. Ardent Mines has been the topic of 8 analyst reports since October 18, 2016 according to StockzIntelligence Inc. The rating was initiated by UBS with “Buy” on Monday, October 31. The company was initiated on Tuesday, October 18 by Robert W. Baird. The firm has “Neutral” rating given on Monday, October 24 by Goldman Sachs. The company was initiated on Friday, October 28 by RBC Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Monday, October 31. Seaport Global initiated Adient PLC (NYSE:ADNT) rating on Tuesday, October 18. Seaport Global has “Buy” rating and $60 price target. The stock has “Underperform” rating given by Bank of America on Wednesday, November 9. The stock of Adient PLC (NYSE:ADNT) has “Neutral” rating given on Tuesday, November 8 by JP Morgan.
More recent Adient PLC (NYSE:ADNT) news were published by: Jsonline.com which released: “Separation of Johnson Controls, Adient completed” on October 31, 2016. Also Wsj.com published the news titled: “Automotive Supplier Adient Eyes Detroit Area for New Office” on October 31, 2016. Seekingalpha.com‘s news article titled: “Adient: An Undervalued Niche Growth Opportunity” with publication date: November 16, 2016 was also an interesting one.
Adient plc, formerly Adient Limited, is an automotive seating supplier. The company has a market cap of $4.69 billion. The Firm designs, makes and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. It currently has negative earnings. The Firm operates through two divisions: Seating and Interiors.
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