Brokerages Set ADT Inc. (NYSE:ADT) Target Price at $9.38

Shares of ADT Inc. (NYSE:ADT) have earned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.3750.

A number of research firms recently weighed in on ADT. Citigroup raised their price target on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of ADT in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.85 on Wednesday. The business’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $8.46. The company has a market cap of $7.35 billion, a P/E ratio of 13.40 and a beta of 1.05. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. ADT has a one year low of $6.71 and a one year high of $8.94.

ADT (NYSE:ADT) last released its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The company had revenue of $1.31 billion during the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%. On average, sell-side analysts forecast that ADT will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of ADT

Several institutional investors have recently added to or reduced their stakes in ADT. Robeco Institutional Asset Management B.V. grew its holdings in ADT by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business’s stock worth $356,000 after acquiring an additional 1,769 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ADT by 29.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,635 shares of the security and automation business’s stock worth $110,000 after purchasing an additional 3,129 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of ADT by 366.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business’s stock worth $606,000 after purchasing an additional 58,292 shares during the last quarter. Monument Capital Management acquired a new position in ADT in the first quarter worth about $116,000. Finally, Amalgamated Bank increased its holdings in ADT by 36.8% in the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business’s stock valued at $160,000 after buying an additional 5,287 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.