The stock of Adient PLC (NYSE:ADNT) hit a new 52-week high and has $59.56 target or 9.00% above today’s $54.64 share price. The 5 months bullish chart indicates low risk for the $5.07 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $59.56 price target is reached, the company will be worth $456.30M 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 301,862 shares traded hands. Adient PLC (NYSE:ADNT) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% 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 11.27% above today’s ($54.64) stock price. Ardent Mines has been the topic of 8 analyst reports since October 18, 2016 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, October 31 by Wells Fargo. Bank of America downgraded Adient PLC (NYSE:ADNT) on Wednesday, November 9 to “Underperform” rating. RBC Capital Markets initiated the shares of ADNT in a report on Friday, October 28 with “Outperform” rating. UBS initiated the shares of ADNT in a report on Monday, October 31 with “Buy” rating. The stock of Adient PLC (NYSE:ADNT) earned “Neutral” rating by Goldman Sachs on Monday, October 24. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, October 18. The stock of Adient PLC (NYSE:ADNT) earned “Buy” rating by Seaport Global on Tuesday, October 18. JP Morgan initiated the shares of ADNT in a report on Tuesday, November 8 with “Neutral” rating.
According to Zacks Investment Research, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland.”
More important recent Adient PLC (NYSE:ADNT) news were published by: Jsonline.com which released: “Separation of Johnson Controls, Adient completed” on October 31, 2016, also Seekingalpha.com published article titled: “Adient: An Undervalued Niche Growth Opportunity”, Bloomberg.com published: “Adient Sees Profit Rising Post-Spinoff From Johnson Controls” on September 15, 2016. More interesting news about Adient PLC (NYSE:ADNT) was released by: Wsj.com and their article: “Automotive Supplier Adient Eyes Detroit Area for New Office” with publication date: October 31, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.