ADT Inc. (NYSE:ADT) Receives Average Recommendation of “Hold” from Brokerages

ADT Inc. (NYSE:ADT) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9.25.

Several analysts have recently commented on the company. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Finally, Morgan Stanley cut their target price on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th.

ADT Price Performance

Shares of ADT stock opened at $7.87 on Friday. ADT has a twelve month low of $7.28 and a twelve month high of $8.94. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The stock has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $8.38. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 11.40 and a beta of 0.98.

ADT (NYSE:ADT) last released its quarterly earnings data on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. ADT had a net margin of 12.52% and a return on equity of 18.96%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that ADT will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On ADT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of ADT by 503.0% during the first quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock worth $108,000 after purchasing an additional 11,077 shares in the last quarter. Caxton Associates LLP purchased a new position in ADT in the 1st quarter valued at $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ADT by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock worth $9,396,000 after purchasing an additional 262,480 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of ADT by 75.9% during the first quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after buying an additional 23,463 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of ADT during the second quarter worth $93,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.