ADT (NYSE:ADT) Upgraded at Zacks Research

Zacks Research upgraded shares of ADT (NYSE:ADT) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other analysts have also recently weighed in on ADT. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley reduced their target price on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.25.

ADT Trading Up 1.5%

NYSE ADT opened at $7.87 on Monday. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 11.40 and a beta of 0.98. ADT has a twelve month low of $7.28 and a twelve month high of $8.94. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. The business’s fifty day moving average is $8.06 and its 200 day moving average is $8.34.

Institutional Investors Weigh In On ADT

Institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of ADT by 20.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,099 shares of the security and automation business’s stock valued at $62,000 after buying an additional 1,213 shares during the period. Osaic Holdings Inc. boosted its holdings in ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after acquiring an additional 1,240 shares in the last quarter. WPG Advisers LLC grew its stake in ADT by 54.3% in the third quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after acquiring an additional 1,440 shares during the period. Legal & General Group Plc increased its holdings in shares of ADT by 0.3% during the fourth quarter. Legal & General Group Plc now owns 501,861 shares of the security and automation business’s stock valued at $4,050,000 after acquiring an additional 1,445 shares in the last quarter. Finally, F m Investments LLC raised its position in shares of ADT by 0.7% during the third quarter. F m Investments LLC now owns 239,027 shares of the security and automation business’s stock worth $2,082,000 after purchasing an additional 1,602 shares during the period. 87.22% of the stock is owned by 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.