Citigroup Issues Pessimistic Forecast for ADT (NYSE:ADT) Stock Price

ADT (NYSE:ADT) had its price objective dropped by equities researchers at Citigroup from $10.00 to $8.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the security and automation business’ stock. Citigroup’s price objective points to a potential upside of 26.11% from the company’s previous close.

Several other analysts have also issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $10.40 price target on shares of ADT in a research report on Monday. Morgan Stanley lowered their target price on ADT from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.78.

ADT Stock Down 1.5%

Shares of NYSE ADT opened at $6.74 on Wednesday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 10.21 and a beta of 1.00. ADT has a one year low of $6.65 and a one year high of $8.94. The firm’s 50 day simple moving average is $7.93 and its two-hundred day simple moving average is $8.27. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.93 and a quick ratio of 0.54.

ADT (NYSE:ADT) last announced its quarterly earnings data on Monday, March 2nd. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. ADT had a net margin of 11.60% and a return on equity of 19.16%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. As a group, analysts expect that ADT will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On ADT

Several hedge funds have recently made changes to their positions in ADT. Norges Bank bought a new position in ADT in the 2nd quarter worth $219,825,000. AQR Capital Management LLC boosted its stake in shares of ADT by 124.6% during the 3rd quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock valued at $314,954,000 after purchasing an additional 20,062,625 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ADT by 42.7% during the third quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock valued at $564,918,000 after buying an additional 19,413,112 shares during the period. LSV Asset Management raised its stake in ADT by 97.1% in the second quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in ADT by 179.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 13,693,517 shares of the security and automation business’s stock worth $115,984,000 after buying an additional 8,796,249 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

About ADT

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.