ADT Inc. (ADT) – What Are Brokerages Thinking About This Stock?

ADT Inc. (NYSE:ADT) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.73.

ADT has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 price target for the company in a research report on Wednesday. BTIG Research started coverage on ADT in a research note on Monday, August 17th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings raised ADT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of ADT by 40.8% in the third quarter. Maryland State Retirement & Pension System now owns 156,340 shares of the security and automation business’s stock worth $951,000 after acquiring an additional 45,334 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of ADT during the third quarter valued at approximately $247,000. Machina Capital S.A.S. acquired a new stake in shares of ADT during the third quarter valued at approximately $108,000. Lido Advisors LLC lifted its position in shares of ADT by 37.2% in the 3rd quarter. Lido Advisors LLC now owns 50,048 shares of the security and automation business’s stock valued at $304,000 after acquiring an additional 13,568 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in shares of ADT by 32.9% in the 3rd quarter. AlphaCore Capital LLC now owns 291,699 shares of the security and automation business’s stock valued at $1,788,000 after acquiring an additional 72,273 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Price Performance

NYSE ADT opened at $9.87 on Friday. The stock has a market capitalization of $7.21 billion, a P/E ratio of 13.33 and a beta of 0.95. ADT has a 1 year low of $6.03 and a 1 year high of $9.99. The business’s fifty day moving average is $7.22 and its two-hundred day moving average is $7.14. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.52 and a current ratio of 0.47.

ADT (NYSE:ADT) last announced its quarterly earnings data on Tuesday, November 3rd. The security and automation business reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. ADT had a return on equity of 18.57% and a net margin of 11.85%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, research analysts forecast that ADT will post 0.90 earnings per share for the current fiscal year.

About ADT

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.