Analysts Set ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Target Price at $26.33

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have been given a consensus rating of “Hold” by the four analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.3333.

ADIG has been the subject of several recent analyst reports. Zacks Research raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Friday, August 7th. Seaport Research Partners began coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They issued a “buy” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price for the company. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday. Finally, Truist Financial assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They set a “hold” rating and a $24.00 price target on the stock.

Institutional Investors Weigh In On ADI Global Distribution Inc. Common Stock

An institutional investor recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,145 shares of the company’s stock, valued at approximately $1,175,000.

ADI Global Distribution Inc. Common Stock Stock Performance

ADIG opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.62 and a current ratio of 2.80. ADI Global Distribution Inc. Common Stock has a 12 month low of $20.21 and a 12 month high of $30.99.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.