ADT (NYSE:ADT) Upgraded to “Buy” at Zacks Investment Research

ADT (NYSE:ADTGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, reports. The firm presently has a $8.00 price target on the security and automation business’ stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.83% from the company’s current price.

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 equities research analysts have also recently weighed in on ADT. Citigroup assumed coverage on shares of ADT in a research report on Wednesday, January 5th. They set a “buy” rating and a $10.25 price objective for the company. Morgan Stanley lowered their target price on ADT from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada lowered their target price on ADT from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.45.

ADT traded down $0.03 on Tuesday, hitting $7.09. 67,684 shares of the stock were exchanged, compared to its average volume of 2,263,045. ADT has a 12 month low of $6.68 and a 12 month high of $11.77. The business has a 50-day moving average of $7.51 and a two-hundred day moving average of $8.04. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.58 and a quick ratio of 0.38. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of -17.29 and a beta of 2.09.

ADT (NYSE:ADTGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The security and automation business reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). ADT had a negative return on equity of 6.46% and a negative net margin of 6.43%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned ($0.12) EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that ADT will post 0.85 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY acquired a new position in shares of ADT in the fourth quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in ADT during the 3rd quarter valued at approximately $27,000. Neo Ivy Capital Management acquired a new stake in ADT during the 4th quarter valued at approximately $43,000. Duncker Streett & Co. Inc. increased its position in ADT by 274.0% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 9,350 shares of the security and automation business’s stock valued at $76,000 after purchasing an additional 6,850 shares during the period. Finally, Wealthsource Partners LLC acquired a new stake in ADT during the 3rd quarter valued at approximately $83,000. 90.68% of the stock is owned by institutional investors.

ADT Company Profile (Get Rating)

ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. 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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