ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Consensus Target Price of $26.33

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) has received an average recommendation of “Hold” from the four brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.33.

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

ADI Global Distribution Inc. Common Stock Price Performance

Shares of ADIG stock opened at $19.65 on Wednesday. ADI Global Distribution Inc. Common Stock has a fifty-two week low of $19.53 and a fifty-two week high of $30.99. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a distributor of security, low-voltage, and related technology products for professional installers, integrators, and contractors. The company supplies products used in residential and commercial security, access control, video surveillance, fire and life-safety systems, building automation, networking, and smart-home applications.

Its offerings include cameras and video equipment, alarms, sensors, access-control products, structured cabling, networking equipment, audio-visual products, and installation-related supplies.