Time to Buy Adient PLC (ADNT) After Today’s Big Increase?

September 17, 2017 - By Migdalia James

The stock of Adient PLC (NYSE:ADNT) is a huge mover today! The stock increased 5.05% or $3.86 on September 15, reaching $80.26. About 2.22M shares traded or 208.17% up from the average. Adient PLC (NYSE:ADNT) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $7.47 billion company. It was reported on Sep, 17 by Barchart.com. We have $86.68 PT which if reached, will make NYSE:ADNT worth $597.60M more.

Wall Street await Adient PLC (NYSE:ADNT) to release earnings on December, 5. The expected ADNT’s profit could reach $202.90 million giving the stock 9.20 P/E in the case that $2.18 earnings per share is reported. After posting $2.52 EPS for the previous quarter, Adient PLC’s analysts now forecast -13.49 % negative EPS growth.

Adient PLC (NYSE:ADNT) Ratings Coverage

Among 11 analysts covering Ardent Mines (NYSE:ADNT), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Ardent Mines had 14 analyst reports since October 18, 2016 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 1 report. The rating was maintained by RBC Capital Markets on Monday, February 6 with “Outperform”. The firm earned “Buy” rating on Tuesday, April 11 by RBC Capital Markets. The stock of Adient PLC (NYSE:ADNT) has “Neutral” rating given on Monday, October 24 by Goldman Sachs. The firm earned “Outperform” rating on Tuesday, October 18 by Robert W. Baird. The stock has “Neutral” rating by Susquehanna on Monday, November 28. The firm has “Buy” rating by Seaport Global given on Tuesday, October 18. The stock has “Overweight” rating by Morgan Stanley on Tuesday, February 21. JP Morgan initiated the shares of ADNT in report on Tuesday, November 8 with “Neutral” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 28.

More notable recent Adient PLC (NYSE:ADNT) news were published by: Seekingalpha.com which released: “Adient – Take A Seat And Enjoy The Ride” on May 04, 2017, also Seekingalpha.com with their article: “Adient – It’s All About The Margins” published on August 03, 2017, Seekingalpha.com published: “Adient Plc: The Expensive Spin-Off Of Johnson Controls International’s Seating …” on November 02, 2016. More interesting news about Adient PLC (NYSE:ADNT) were released by: Seekingalpha.com and their article: “The Long Case For Adient” published on June 05, 2017 as well as Seekingalpha.com‘s news article titled: “Adient Plc: Contradicting Growth Outlook Presents A Value Trap” with publication date: July 21, 2017.

Adient plc, formerly Adient Limited, is an automotive seating supplier. The company has market cap of $7.47 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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