ADT (NYSE:ADT) Price Target Raised to $9.00 at Morgan Stanley

ADT (NYSE:ADT) had its price objective increased by Morgan Stanley from $8.50 to $9.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the security and automation business’ stock.

A number of other analysts have also issued reports on ADT. The Goldman Sachs Group lifted their price target on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

ADT Stock Performance

NYSE:ADT opened at $7.26 on Thursday. ADT has a 1-year low of $6.02 and a 1-year high of $8.25. The stock has a market cap of $6.58 billion, a P/E ratio of 7.89 and a beta of 1.49. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm has a 50-day moving average of $7.38 and a two-hundred day moving average of $7.35.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.07 EPS. ADT’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that ADT will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. ADT’s dividend payout ratio (DPR) is 23.91%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ADT. SG Americas Securities LLC bought a new position in ADT in the second quarter worth about $1,143,000. Nisa Investment Advisors LLC bought a new position in shares of ADT during the second quarter valued at approximately $289,000. Neo Ivy Capital Management acquired a new stake in shares of ADT during the 2nd quarter worth approximately $382,000. Pallas Capital Advisors LLC lifted its holdings in shares of ADT by 66.8% in the 2nd quarter. Pallas Capital Advisors LLC now owns 47,495 shares of the security and automation business’s stock worth $366,000 after purchasing an additional 19,018 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in ADT by 13.7% during the 2nd quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business’s stock valued at $191,000 after purchasing an additional 3,024 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.