ADT (ADT) Upgraded to Hold by ValuEngine

ADT (NYSE:ADT) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, May 8th, ValuEngine reports.

A number of other equities research analysts have also issued reports on ADT. Zacks Investment Research raised ADT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Barclays reissued a “buy” rating and set a $8.00 price target on shares of ADT in a research note on Wednesday, April 17th. Morgan Stanley set a $10.00 price target on ADT and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Imperial Capital reissued an “outperform” rating and set a $12.00 price target (down from $15.00) on shares of ADT in a research note on Friday, March 15th. Finally, Citigroup lowered ADT from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $13.00 to $8.25 in a research note on Tuesday, March 12th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.53.

ADT traded down $0.09 during midday trading on Wednesday, reaching $6.03. The company had a trading volume of 5,963 shares, compared to its average volume of 2,777,471. The company has a quick ratio of 0.34, a current ratio of 0.44 and a debt-to-equity ratio of 2.25. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -37.81, a PEG ratio of 0.79 and a beta of 2.31. ADT has a 1 year low of $5.88 and a 1 year high of $9.84.

ADT (NYSE:ADT) last posted its quarterly earnings data on Monday, March 11th. The security and automation business reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.15). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. ADT had a negative net margin of 11.01% and a negative return on equity of 2.45%. On average, equities analysts anticipate that ADT will post 0.88 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of ADT in the 1st quarter valued at $167,000. Morgan Stanley boosted its position in shares of ADT by 27.6% in the 3rd quarter. Morgan Stanley now owns 2,664,714 shares of the security and automation business’s stock worth $25,022,000 after purchasing an additional 575,829 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ADT by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 303,126 shares of the security and automation business’s stock worth $2,846,000 after purchasing an additional 7,604 shares in the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of ADT in the 1st quarter worth $2,209,000. Finally, Channing Capital Management LLC boosted its position in shares of ADT by 13.1% in the 4th quarter. Channing Capital Management LLC now owns 1,155,271 shares of the security and automation business’s stock worth $6,943,000 after purchasing an additional 133,542 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

About ADT

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ADT (NYSE:ADT)

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