Dropping The 52 Week Low, Adient PLC (NYSE:ADNT) Close At $16.38

Adient PLC (NYSE:ADNT)

December 22nd, 2018
Amidst falling markets Adient PLC finished Friday’s trading session down 4.60%, a $0.79 decrease to close on $16.38. As well as the drop in value, Adient PLC hit a new 52 week low of $16.10, breaking the previous low of $16.47 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 1.76.

ADNT was outperformed by the rest of the Consumer Discretionary sector which went down just 2.58%.

Analysis results from 13 analysts points to the possibility that Adient PLC might rise significantly (59%), while Finbox has calculated (with very high uncertainty) a fair value price of $22.75.

Market Sectors

Saturday saw a downward swing in all sectors of the market with Communication Services seeing the biggest drop at 3.07% drop. Utilities has seen the biggest year-to-date gain at 2.24%. The biggest loss this year has been the Energy sector dropping 22%.

Sector Breakdown

  • Utilities went down with a -0.71% change.
  • Materials went down with a -0.95% change.
  • Energy went down with a -1.05% change.
  • Consumer Staples went down with a -1.09% change.
  • Healthcare went down with a -1.42% change.
  • Real Estate went down with a -1.58% change.
  • Industrials went down with a -1.93% change.
  • Financials went down with a -1.96% change.
  • Consumer Discretionary went down with a -2.58% change.
  • Information Technology went down with a -2.99% change.
  • Communication Services went down with a -3.07% 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 1.76) 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.

ADNT daily update
ADNT daily update

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