Zacks Research Upgrades ADT (NYSE:ADT) to Hold

ADT (NYSE:ADT) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also commented on ADT. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Finally, Morgan Stanley decreased their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.25.

ADT Stock Up 0.1%

Shares of NYSE:ADT opened at $7.75 on Monday. The firm has a market cap of $6.35 billion, a P/E ratio of 11.23 and a beta of 0.98. ADT has a 12-month low of $7.28 and a 12-month high of $8.94. The business has a fifty day simple moving average of $8.06 and a 200 day simple moving average of $8.35. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

Institutional Trading of ADT

Several large investors have recently made changes to their positions in ADT. Harbor Capital Advisors Inc. bought a new position in ADT in the third quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new position in shares of ADT during the fourth quarter worth approximately $28,000. Quent Capital LLC bought a new position in shares of ADT in the 3rd quarter worth $28,000. IFP Advisors Inc grew its position in ADT by 1,759.1% in the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after purchasing an additional 3,782 shares during the period. Finally, WPG Advisers LLC increased its stake in ADT by 54.3% during the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after purchasing an additional 1,440 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

About ADT

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.