The stock of Adient PLC (NYSE:ADNT) hit a new 52-week high and has $73.19 target or 43.00% above today’s $51.18 share price. The 8 months bullish chart indicates low risk for the $5.23B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $73.19 price target is reached, the company will be worth $2.25 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 140,175 shares traded hands. Adient PLC (NYSE:ADNT) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% 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. $65 is the highest target while $55.0 is the lowest. The $60.80 average target is 18.80% above today’s ($51.18) stock price. Ardent Mines has been the topic of 8 analyst reports since October 18, 2016 according to StockzIntelligence Inc. Goldman Sachs initiated the stock with “Neutral” rating in Monday, October 24 report. The stock has “Underperform” rating given by Bank of America on Wednesday, November 9. The stock of Adient PLC (NYSE:ADNT) earned “Outperform” rating by Wells Fargo on Monday, October 31. JP Morgan initiated Adient PLC (NYSE:ADNT) rating on Tuesday, November 8. JP Morgan has “Neutral” rating and $55.0 price target. The company was initiated on Tuesday, October 18 by Seaport Global. Robert W. Baird initiated the shares of ADNT in a report on Tuesday, October 18 with “Outperform” rating. The firm earned “Buy” rating on Monday, October 31 by UBS. RBC Capital Markets initiated it with “Outperform” rating and $59 target price in Friday, October 28 report.
More news for Adient PLC (NYSE:ADNT) were recently published by: Jsonline.com, which released: “Separation of Johnson Controls, Adient completed” on October 31, 2016. Wsj.com‘s article titled: “Automotive Supplier Adient Eyes Detroit Area for New Office” and published on October 31, 2016 is yet another important article.
Adient plc, formerly Adient Limited, is an automotive seating supplier. The company has a market cap of $5.23 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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