ADT Inc. (NYSE:ADT – Get Rating) earned an average recommendation of “Buy” from the six research firms that currently cover the business, Marketbeat Ratings reports. Two research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among analysts who have rated the stock over the past year is $9.45.
A number of stock analysts have weighed in on ADT shares recently. Royal Bank of Canada cut its price target on ADT shares from $10.00 to $9.00 and set an “industry performance” rating on the stock in a Wednesday, March 2 report. Citigroup launched a hedge on ADT shares in a Wednesday, Jan. 5 research note. They set a “buy” rating and a price target of $10.25 for the company. Zacks Investment Research upgraded ADT from a “hold” rating to a “buy” rating and set a price target of $8.00 on the stock in a Tuesday, April 12 research note. Finally, Morgan Stanley cut its target price on ADT from $9.00 to $8.00 and set an “equal weight” rating for the company in a Tuesday, April 12 research report.
Several hedge funds have recently changed their holdings in the company. American Trust bought a new position in ADT during Q4 valued at around $164,000. Norges Bank purchased a new stake in ADT during Q4, valued at approximately $9,487,000. BlackRock Inc. increased its stake in ADT by 3.3% in the fourth quarter. BlackRock Inc. now owns 7,112,468 shares of the security and automation company worth $59,816,000 after buying an additional 224,351 shares in the last quarter. Neo Ivy Capital Management bought a new position in ADT stock in the fourth quarter worth about $43,000. Finally, Parametric Portfolio Associates LLC increased its holdings of ADT shares by 10.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 336,376 shares of the security and automation company valued at $2,829,000 after buying 31,799 additional shares in the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s shares.
NYSE ADT shares opened at $6.88 on Tuesday. The company has a market capitalization of $5.65 billion, a PE ratio of -16.78 and a beta of 2.09. The company has a quick ratio of 0.38, a current ratio of 0.58 and a leverage ratio of 2.95. The stock’s 50-day moving average price is $7.46 and its 200-day moving average price is $8.00. ADT has a 12-month low of $6.68 and a 12-month high of $11.77.
ADT (NYSE:ADT – Get Rating) last released its quarterly results on Tuesday, March 1. The security and automation business reported ($0.03) EPS for the quarter, missing the Zacks consensus estimate of $0.08 per ($0.11). The company posted revenue of $1.38 billion for the quarter, versus a consensus estimate of $1.32 billion. ADT posted a negative return on equity of 6.46% and a negative net margin of 6.43%. The company’s revenues increased by 5.0% compared to the same quarter last year. In the same quarter last year, the company posted ($0.12) earnings per share. As a group, research analysts expect ADT to post EPS of 0.85 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4. Shareholders of record on Thursday, March 17 received a dividend of $0.035 per share. This represents a dividend of $0.14 on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Wednesday, March 16. ADT’s dividend payout ratio (DPR) is currently -34.15%.
ADT Company Profile (Get a rating)
ADT Inc provides security, automation and smart home solutions to consumers and businesses in the United States. It provides a range of fire detection, fire suppression, CCTV and access control systems to residential, commercial and multi-site customers. The company primarily offers monitored security and automation solutions, including installation and monitoring of security and premise automation systems designed to detect intrusion, control access, detect motion, smoke, fire, carbon monoxide, flooding, temperature and other environmental conditions and hazards; and respond to personal emergencies, such as injury, medical emergency or disability.
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