ADT (NYSE:ADT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, June 5th.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

Several other research firms have also issued reports on ADT. Morgan Stanley began coverage on shares of ADT in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $18.00 price objective for the company. Royal Bank of Canada began coverage on shares of ADT in a report on Tuesday, February 13th. They issued an “outperform” rating and a $16.00 target price on the stock. Imperial Capital began coverage on shares of ADT in a report on Tuesday, February 13th. They issued an “outperform” rating and a $15.00 target price on the stock. Credit Suisse Group began coverage on shares of ADT in a report on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 target price on the stock. Finally, Bank of America began coverage on shares of ADT in a report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. ADT has a consensus rating of “Buy” and a consensus price target of $15.00.

ADT stock opened at $8.05 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.63 and a quick ratio of 0.53. ADT has a 1 year low of $6.93 and a 1 year high of $13.02. The firm has a market capitalization of $5.98 billion and a P/E ratio of -23.00.

ADT (NYSE:ADT) last released its quarterly earnings data on Wednesday, May 9th. The security and automation business reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.27). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. ADT’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts forecast that ADT will post 0.78 earnings per share for the current year.

In related news, Director Andrew Africk acquired 130,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were bought at an average price of $7.46 per share, for a total transaction of $969,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several large investors have recently bought and sold shares of the company. Comerica Bank bought a new position in shares of ADT during the 1st quarter worth about $100,000. Wells Fargo & Company MN bought a new position in shares of ADT during the 1st quarter worth about $126,000. Envestnet Asset Management Inc. bought a new position in shares of ADT during the 1st quarter worth about $149,000. State of Wisconsin Investment Board bought a new position in shares of ADT during the 1st quarter worth about $168,000. Finally, Neuberger Berman Group LLC bought a new position in shares of ADT during the 1st quarter worth about $174,000. Institutional investors own 97.78% 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 burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Analyst Recommendations for ADT (NYSE:ADT)

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