ADT (ADT) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of ADT (NYSE:ADT) from a hold rating to a buy rating in a research note published on Saturday morning.

ADT has been the topic of a number of other reports. Zacks Investment Research cut ADT from a hold rating to a sell rating in a research note on Monday, August 13th. Morgan Stanley set a $12.00 price objective on ADT and gave the company a buy rating in a research note on Thursday, November 8th. Credit Suisse Group started coverage on shares of ADT in a report on Friday, August 10th. They set an outperform rating and a $12.50 target price for the company. Barclays dropped their target price on shares of ADT from $13.00 to $12.00 and set an overweight rating for the company in a report on Thursday, August 9th. Finally, Deutsche Bank started coverage on shares of ADT in a report on Monday, October 1st. They set a hold rating and a $11.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $13.70.

Shares of NYSE:ADT opened at $7.45 on Friday. ADT has a 12-month low of $6.93 and a 12-month high of $13.02. The stock has a market cap of $5.94 billion and a PE ratio of -21.29. The company has a current ratio of 0.62, a quick ratio of 0.80 and a debt-to-equity ratio of 2.15.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, November 7th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.28). ADT had a net margin of 3.95% and a negative return on equity of 3.76%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted ($0.09) earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that ADT will post 0.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.035 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.88%. ADT’s dividend payout ratio is currently -40.00%.

Institutional investors have recently bought and sold shares of the company. Miller Value Partners LLC purchased a new stake in ADT in the second quarter worth about $55,009,000. BlackRock Inc. lifted its holdings in ADT by 4.0% in the third quarter. BlackRock Inc. now owns 5,153,515 shares of the security and automation business’s stock worth $48,392,000 after buying an additional 199,967 shares during the period. Federated Investors Inc. PA lifted its holdings in ADT by 5,041.8% in the second quarter. Federated Investors Inc. PA now owns 1,565,779 shares of the security and automation business’s stock worth $13,544,000 after buying an additional 1,535,327 shares during the period. Russell Investments Group Ltd. lifted its holdings in ADT by 211.5% in the third quarter. Russell Investments Group Ltd. now owns 1,547,986 shares of the security and automation business’s stock worth $14,536,000 after buying an additional 1,051,065 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings in ADT by 22.6% in the third quarter. Copeland Capital Management LLC now owns 1,039,898 shares of the security and automation business’s stock worth $9,765,000 after buying an additional 191,489 shares during the period. Institutional investors own 99.84% 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 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.

See Also: Why is the ex-dividend date different from the record date?

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

Analyst Recommendations for ADT (NYSE:ADT)

Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply