ValuEngine upgraded shares of ADT (NYSE:ADT) from a buy rating to a strong-buy rating in a report released on Thursday, ValuEngine reports.

ADT has been the topic of a number of other reports. Zacks Investment Research cut ADT from a buy rating to a hold rating in a report on Monday, August 12th. TheStreet raised ADT from a d+ rating to a c- rating in a report on Friday, October 18th. Imperial Capital decreased their price objective on ADT from $12.00 to $10.00 and set an outperform rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada set a $10.00 price target on ADT and gave the stock a buy rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. ADT presently has an average rating of Buy and a consensus price target of $8.33.

Shares of NYSE ADT traded up $0.11 during trading hours on Thursday, reaching $8.39. 1,840,212 shares of the stock traded hands, compared to its average volume of 1,880,390. The company has a market capitalization of $6.16 billion, a P/E ratio of -52.44 and a beta of 2.37. The company has a quick ratio of 0.32, a current ratio of 0.89 and a debt-to-equity ratio of 2.60. ADT has a 52-week low of $4.25 and a 52-week high of $8.47. The company’s 50-day simple moving average is $7.19 and its two-hundred day simple moving average is $6.22.

ADT (NYSE:ADT) last announced its quarterly earnings data on Tuesday, November 12th. The security and automation business reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.23). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. ADT had a negative net margin of 9.99% and a negative return on equity of 1.78%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, sell-side analysts forecast that ADT will post 0.89 earnings per share for the current fiscal year.

The business also recently declared a None dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 13th will be given a dividend of $0.735 per share. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is -87.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of ADT. Commonwealth Bank of Australia bought a new position in ADT during the 2nd quarter worth approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of ADT in the 2nd quarter worth approximately $66,000. Voloridge Investment Management LLC bought a new stake in shares of ADT in the 2nd quarter worth approximately $70,000. Machina Capital S.A.S. bought a new stake in shares of ADT in the 2nd quarter worth approximately $86,000. Finally, Ancora Advisors LLC bought a new stake in shares of ADT in the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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Analyst Recommendations for ADT (NYSE:ADT)

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