ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Consensus Price Target of $24.25 According to Brokerages

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.25.

Several research analysts recently weighed in on the company. Wall Street Zen raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Saturday, August 29th. Oppenheimer assumed coverage on ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Truist Financial started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Seaport Research Partners started coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They set a “buy” rating and a $35.00 price target for the company.

ADI Global Distribution Inc. Common Stock Stock Performance

Shares of NYSE:ADIG opened at $16.47 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $19.55. ADI Global Distribution Inc. Common Stock has a 1-year low of $15.00 and a 1-year high of $30.99.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.