Zacks Investment Research Upgrades ADT (NYSE:ADT) to Hold

Zacks Investment Research upgraded shares of ADT (NYSE:ADT) from a strong sell rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

A number of other brokerages have also issued reports on ADT. Barclays set a $24.00 target price on Tenet Healthcare and gave the stock a hold rating in a research report on Wednesday, April 17th. ValuEngine lowered Valero Energy from a hold rating to a sell rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley set a $20.00 target price on C&J Energy Services and gave the stock a hold rating in a research report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. ADT has an average rating of Buy and a consensus price target of $10.53.

Shares of ADT stock opened at $6.14 on Monday. The stock’s fifty day moving average is $6.19. The company has a current ratio of 0.44, a quick ratio of 0.34 and a debt-to-equity ratio of 2.25. ADT has a 12-month low of $5.83 and a 12-month high of $9.84.

ADT (NYSE:ADT) last announced its earnings results on Tuesday, May 7th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.31). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a negative return on equity of 2.45% and a negative net margin of 11.01%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Equities research analysts predict that ADT will post 0.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, June 10th. ADT’s payout ratio is -87.50%.

Large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. increased its holdings in ADT by 8.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,310,568 shares of the security and automation business’s stock valued at $8,375,000 after purchasing an additional 97,268 shares in the last quarter. SQN Investors LP increased its holdings in ADT by 10.9% during the 1st quarter. SQN Investors LP now owns 5,677,458 shares of the security and automation business’s stock valued at $36,279,000 after purchasing an additional 559,642 shares in the last quarter. AJ Wealth Strategies LLC increased its holdings in ADT by 124.5% during the 1st quarter. AJ Wealth Strategies LLC now owns 113,589 shares of the security and automation business’s stock valued at $726,000 after purchasing an additional 62,990 shares in the last quarter. Federated Investors Inc. PA increased its holdings in ADT by 0.6% during the 1st quarter. Federated Investors Inc. PA now owns 1,571,189 shares of the security and automation business’s stock valued at $10,040,000 after purchasing an additional 9,636 shares in the last quarter. Finally, NumerixS Investment Technologies Inc increased its holdings in ADT by 143.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 41,200 shares of the security and automation business’s stock valued at $258,000 after purchasing an additional 24,300 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

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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