ADT’s (ADT) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of ADT (NYSE:ADT) in a research note published on Friday,Weiss Ratings reports.

ADT has been the subject of a number of other reports. Wall Street Zen lowered shares of ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Morgan Stanley raised their price target on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Citigroup raised their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, ADT currently has a consensus rating of “Hold” and an average price target of $9.38.

ADT Stock Performance

Shares of ADT stock opened at $8.77 on Friday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 13.28 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average price of $8.67 and a 200 day moving average price of $8.43. ADT has a 52 week low of $6.71 and a 52 week high of $8.94.

ADT (NYSE:ADT) last announced its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The company had revenue of $1.31 billion during the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. Sell-side analysts expect that ADT will post 0.7 EPS for the current year.

Institutional Investors Weigh In On ADT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of ADT during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC grew its stake in shares of ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares during the period. Osaic Holdings Inc. grew its stake in shares of ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. AlphaQuest LLC grew its stake in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after purchasing an additional 2,370 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ADT during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds 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.