ADT Corporation (NYSE:ADT) had its price objective reduced by Stifel Nicolaus from $56.00 to $55.00 in a research report released on Thursday morning, American Banking News reports. Stifel Nicolaus currently has a buy rating on the stock.
ADT Corporation (NYSE:ADT) opened at 43.35 on Thursday. ADT Corporation has a 1-year low of $38.09 and a 1-year high of $50.37. The stock has a 50-day moving average of $41.66 and a 200-day moving average of $41.29. The company has a market cap of $9.126 billion and a price-to-earnings ratio of 23.71. ADT Corporation also saw some unusual options trading activity on Tuesday. Investors purchased 13,164 call options on the stock. This represents an increase of approximately 582% compared to the typical daily volume of 1,931 call options.
ADT Corporation (NYSE:ADT) last released its earnings data on Wednesday, November 20th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.01. The company had revenue of $777.00 million for the quarter, compared to the consensus estimate of $842.44 million. During the same quarter last year, the company posted $0.43 earnings per share. ADT Corporation’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that ADT Corporation will post $2.01 EPS for the current fiscal year.
Separately, analysts at Barclays cut their price target on shares of ADT Corporation from $44.00 to $43.00 in a research note to investors on Monday, October 7th. They now have an equal weight rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $50.57.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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