ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Given Average Recommendation of “Hold” by Analysts

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have received a consensus recommendation of “Hold” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.3333.

ADIG has been the topic of a number of analyst reports. Truist Financial assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Wednesday, August 26th. They issued a “hold” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. began coverage on ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They set a “neutral” rating and a $25.00 price target for the company. Wall Street Zen raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. Seaport Research Partners started coverage on ADI Global Distribution Inc. Common Stock in a research note on Friday, August 14th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Oppenheimer assumed coverage on ADI Global Distribution Inc. Common Stock in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price objective for the company.

ADI Global Distribution Inc. Common Stock Stock Performance

ADI Global Distribution Inc. Common Stock stock opened at $20.69 on Friday. ADI Global Distribution Inc. Common Stock has a 1-year low of $20.09 and a 1-year high of $30.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 1.62.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.