ADT (NYSE:ADT) Upgraded at TheStreet

TheStreet upgraded shares of ADT (NYSE:ADT) from a d+ rating to a c- rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada set a $10.00 price target on shares of ADT and gave the stock a buy rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded shares of ADT from a buy rating to a hold rating in a report on Monday, August 12th. Imperial Capital cut their price target on shares of ADT from $12.00 to $10.00 and set an outperform rating on the stock in a report on Thursday, August 8th. Finally, ValuEngine raised shares of ADT from a hold rating to a buy rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $8.71.

Shares of NYSE:ADT opened at $7.22 on Friday. The company’s 50-day moving average is $6.15 and its 200 day moving average is $6.07. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.32 and a current ratio of 0.42. The company has a market capitalization of $5.46 billion, a P/E ratio of -45.13 and a beta of 2.28. ADT has a fifty-two week low of $4.25 and a fifty-two week high of $8.39.

ADT (NYSE:ADT) last issued its quarterly earnings results on Tuesday, August 6th. The security and automation business reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a negative return on equity of 1.75% and a negative net margin of 11.42%. ADT’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. As a group, research analysts predict that ADT will post 0.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.94%. The ex-dividend date was Tuesday, September 10th. ADT’s dividend payout ratio (DPR) is presently -87.50%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADT. First Trust Advisors LP lifted its holdings in ADT by 85.0% during the first quarter. First Trust Advisors LP now owns 1,179,455 shares of the security and automation business’s stock valued at $7,537,000 after purchasing an additional 542,080 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in ADT by 8.0% during the first 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 during the last quarter. Machina Capital S.A.S. purchased a new stake in ADT during the second quarter valued at about $86,000. Copeland Capital Management LLC lifted its holdings in ADT by 21.2% during the second quarter. Copeland Capital Management LLC now owns 1,091,214 shares of the security and automation business’s stock valued at $6,678,000 after purchasing an additional 191,041 shares during the last quarter. Finally, QV Investors Inc. purchased a new stake in ADT during the second quarter valued at about $6,885,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for ADT (NYSE:ADT)

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