Barclays Upgrades ADT (NYSE:ADT) to “Equal Weight”

ADT (NYSE:ADT) was upgraded by analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $9.00 price objective on the security and automation business’ stock, up from their previous price objective of $7.00. Barclays‘s target price points to a potential upside of 12.78% from the stock’s current price.

Several other research firms have also issued reports on ADT. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Stock Down 1.2 %

ADT stock opened at $7.98 on Friday. ADT has a twelve month low of $6.10 and a twelve month high of $8.39. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market cap of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58. The business’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.42.

Hedge Funds Weigh In On ADT

Several hedge funds have recently added to or reduced their stakes in ADT. Geode Capital Management LLC increased its stake in shares of ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after acquiring an additional 1,543,677 shares during the last quarter. BNP Paribas Financial Markets raised its stake in ADT by 911.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after buying an additional 176,454 shares during the period. Charles Schwab Investment Management Inc. grew its stake in ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after acquiring an additional 609,842 shares during the period. JPMorgan Chase & Co. raised its position in shares of ADT by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after purchasing an additional 100,134 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock valued at $904,000 after purchasing an additional 41,682 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

About ADT

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.