ADT Inc. (NYSE:ADT) Stock Has Average Target Price of $8.73

Shares of ADT Inc. (NYSE:ADT) have earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.73.

ADT has been the topic of several analyst reports. Weiss Ratings upgraded ADT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. BTIG Research started coverage on shares of ADT in a report on Monday, August 17th. They issued a “neutral” rating for the company. Zacks Research lowered shares of ADT from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 10th. Morgan Stanley lowered their price target on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Finally, Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 price target on the stock in a report on Wednesday, November 4th.

Institutional Investors Weigh In On ADT

A number of hedge funds and other institutional investors have recently bought and sold shares of ADT. Entropy Technologies LP acquired a new position in shares of ADT during the third quarter worth $516,000. Jump Financial LLC boosted its position in shares of ADT by 4.0% in the 3rd quarter. Jump Financial LLC now owns 154,517 shares of the security and automation business’s stock worth $939,000 after purchasing an additional 6,004 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of ADT by 99.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 66,858 shares of the security and automation business’s stock worth $406,000 after purchasing an additional 33,337 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of ADT by 18.7% in the 3rd quarter. Pathstone Holdings LLC now owns 243,459 shares of the security and automation business’s stock worth $1,481,000 after purchasing an additional 38,307 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of ADT by 15.3% in the 3rd quarter. Empowered Funds LLC now owns 1,974,361 shares of the security and automation business’s stock worth $12,004,000 after purchasing an additional 261,530 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Up 0.2%

NYSE ADT traded up $0.01 during midday trading on Friday, hitting $9.90. 7,569,305 shares of the company traded hands, compared to its average volume of 24,769,282. ADT has a 52 week low of $6.03 and a 52 week high of $9.99. The company’s 50-day simple moving average is $7.47 and its 200-day simple moving average is $7.18. The company has a market cap of $7.24 billion, a PE ratio of 13.39 and a beta of 0.95. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.47 and a quick ratio of 0.38.

ADT (NYSE:ADT) last released its quarterly earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. ADT had a return on equity of 18.57% and a net margin of 11.85%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. As a group, equities research analysts forecast that ADT will post 0.89 earnings per share for the current year.

ADT Company Profile

ADT Inc. provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps. The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.