ADT Inc. (NYSE:ADT) Receives Consensus Rating of “Buy” from Brokerages

ADT Inc. (NYSE:ADTGet Rating) has earned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.45.

A number of equities analysts recently weighed in on ADT shares. Royal Bank of Canada cut their price target on shares of ADT from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 2nd. Citigroup initiated coverage on shares of ADT in a research note on Wednesday, January 5th. They set a “buy” rating and a $10.25 price target for the company. Zacks Investment Research upgraded ADT from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Tuesday, April 12th. Finally, Morgan Stanley decreased their target price on ADT from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 12th.

Several hedge funds have recently modified their holdings of the company. American Trust bought a new position in ADT during the 4th quarter valued at approximately $164,000. Norges Bank bought a new stake in ADT during the 4th quarter valued at about $9,487,000. BlackRock Inc. raised its holdings in ADT by 3.3% in the fourth quarter. BlackRock Inc. now owns 7,112,468 shares of the security and automation business’s stock worth $59,816,000 after buying an additional 224,351 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of ADT in the fourth quarter worth approximately $43,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of ADT by 10.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 336,376 shares of the security and automation business’s stock valued at $2,829,000 after buying an additional 31,799 shares during the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Shares of NYSE ADT 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 debt-to-equity 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 twelve month low of $6.68 and a twelve month high of $11.77.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Thursday, March 17th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Wednesday, March 16th. ADT’s dividend payout ratio (DPR) is presently -34.15%.

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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