ADT Inc. (NYSE:ADT) Stock Rated “Hold” by Sell-Side Brokerages

Shares of ADT Inc. (NYSE:ADT) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.73.

A number of analysts have recently weighed in on ADT shares. BTIG Research assumed coverage on shares of ADT in a research note on Monday, August 17th. They issued a “neutral” rating for the company. Morgan Stanley lowered their price objective on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 target price on the stock in a report on Wednesday. Finally, Weiss Ratings upgraded ADT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th.

Institutional Trading of ADT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in ADT by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 39,887,288 shares of the security and automation business’s stock valued at $262,054,000 after buying an additional 3,529,422 shares in the last quarter. Wasatch Advisors LP raised its position in ADT by 19.6% in the second quarter. Wasatch Advisors LP now owns 8,427,968 shares of the security and automation business’s stock worth $54,782,000 after acquiring an additional 1,382,292 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in ADT in the second quarter worth about $34,130,000. Quantinno Capital Management LP lifted its holdings in ADT by 191.1% in the 1st quarter. Quantinno Capital Management LP now owns 3,637,287 shares of the security and automation business’s stock valued at $23,897,000 after acquiring an additional 2,387,826 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in ADT by 33.0% in the 1st quarter. Janus Henderson Group PLC now owns 3,387,488 shares of the security and automation business’s stock valued at $22,273,000 after acquiring an additional 840,819 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

Shares of ADT opened at $9.87 on Friday. The firm has a 50-day moving average price of $7.22 and a 200 day moving average price of $7.14. The firm has a market capitalization of $7.21 billion, a PE ratio of 13.33 and a beta of 0.95. The company has a quick ratio of 0.52, a current ratio of 0.47 and a debt-to-equity ratio of 1.80. ADT has a 52-week low of $6.03 and a 52-week high of $9.99.

ADT (NYSE:ADT) last released its earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. ADT had a net margin of 11.85% and a return on equity of 18.57%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.23 EPS. ADT’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that ADT will post 0.90 earnings per share for the current fiscal year.

About ADT

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.