The stock of Adient PLC (NYSE:ADNT) reached all time high today, Nov, 22 and still has $58.28 target or 5.00% above today’s $55.50 share price. This indicates more upside for the $5.19 billion company. This technical setup was reported by Barchart.com. If the $58.28 PT is reached, the company will be worth $259.50M 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 706,403 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. Ardent Mines has been the topic of 8 analyst reports since October 18, 2016 according to StockzIntelligence Inc. The company was initiated on Tuesday, November 8 by JP Morgan. The rating was initiated by Goldman Sachs with “Neutral” on Monday, October 24. Robert W. Baird initiated Adient PLC (NYSE:ADNT) on Tuesday, October 18 with “Outperform” rating. The company was initiated on Friday, October 28 by RBC Capital Markets. The company was initiated on Tuesday, October 18 by Seaport Global. The stock of Adient PLC (NYSE:ADNT) earned “Outperform” rating by Wells Fargo on Monday, October 31. On Wednesday, November 9 the stock rating was downgraded by Bank of America to “Underperform”. UBS initiated Adient PLC (NYSE:ADNT) rating on Monday, October 31. UBS has “Buy” rating and $65 price target.
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.
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