ADT (NYSE:ADT) had its target price upped by Credit Suisse Group from $14.00 to $15.00 in a research report issued on Friday, September 21st, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the security and automation business’ stock. Credit Suisse Group’s price target points to a potential upside of 99.47% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of ADT from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Barclays decreased their price objective on shares of ADT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.50.
NYSE ADT traded down $0.25 during trading hours on Friday, hitting $7.52. The company had a trading volume of 3,163,478 shares, compared to its average volume of 3,552,630. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.87 and a quick ratio of 0.80. ADT has a 1-year low of $6.93 and a 1-year high of $13.02. The company has a market capitalization of $7.10 billion and a PE ratio of -21.49.
ADT (NYSE:ADT) last released its quarterly earnings data on Wednesday, August 8th. The security and automation business reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. The business’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that ADT will post 0.71 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new position in ADT during the first quarter worth about $126,000. Rhumbline Advisers purchased a new position in ADT in the first quarter valued at about $614,000. Comerica Bank purchased a new position in ADT in the first quarter valued at about $100,000. State of Wisconsin Investment Board purchased a new position in ADT in the first quarter valued at about $168,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in ADT in the first quarter valued at about $2,555,000. Institutional investors and hedge funds own 99.79% of the company’s stock.
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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