ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Consensus Price Target of $26.33 According to Brokerages

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have received a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.50.

ADIG has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They set a “neutral” rating and a $25.00 price target for the company. 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 on the stock. Oppenheimer started coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They set an “outperform” rating and a $30.00 target price for the company. Zacks Research upgraded shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Friday, August 7th. Finally, Evercore initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Monday. They set a “hold” rating and a $23.00 price target on the stock.

ADI Global Distribution Inc. Common Stock Stock Performance

ADI Global Distribution Inc. Common Stock stock opened at $19.07 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 1.62. ADI Global Distribution Inc. Common Stock has a one year low of $17.88 and a one year high of $30.99.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a distributor of security, low-voltage, and related technology products for professional installers, integrators, and contractors. The company supplies products used in residential and commercial security, access control, video surveillance, fire and life-safety systems, building automation, networking, and smart-home applications.

Its offerings include cameras and video equipment, alarms, sensors, access-control products, structured cabling, networking equipment, audio-visual products, and installation-related supplies.