(NYSE:ADNT) Adient PLC Hits 52 Week Low


December 13th, 2018
Adient PLC finished Thursday’s trading session down 0.96%, a $0.18 decrease to close on $18.50. As well as the drop in value, Adient PLC hit a new 52 week low of $18.22, breaking the previous low of $18.52 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.77.

ADNT was outperformed by the rest of the Consumer Discretionary sector which went down only 0.44%.

Expectations from 12 analysts indicates that Adient PLC could increase significantly (42%), while Finbox has calculated (with very high uncertainty) a fair value price of $24.28.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (0.88%), while Materials saw the biggest drop (1.13%). Healthcare has seen the biggest year-to-date gain at 11%. The biggest loss this year has been the Materials sector dropping 14%.

Consumer Staples saw the biggest turnaround from its 5-day performance of -0.70%, as it went up 0.69%. Communication Services saw a turn around from its 5-day performance of 0.63% trading down 0.18%.

Sector Breakdown

  • Utilities went up with a 0.88% change.
  • Consumer Staples went up with a 0.69% change.
  • Real Estate went up with a 0.61% change.
  • Energy went up with a 0.36% change.
  • Information Technology went up with a 0.20% change.
  • Healthcare went up with a 0.08% change.
  • Communication Services went down with a -0.18% change.
  • Industrials went down with a -0.25% change.
  • Consumer Discretionary went down with a -0.44% change.
  • Financials went down with a -0.59% change.
  • Materials went down with a -1.13% change.

Adient PLC Info

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems. The Interiors segment produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trims, and other products. The company operates in the Americas, Europe, China, and internationally. Adient plc was incorporated in 2016 and is based in Dublin, Ireland.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Adient PLC’s score is 1.77) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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