ADT (NYSE:ADT) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of ADT (NYSE:ADT) from a buy rating to a hold rating in a research note released on Thursday morning, Zacks.com reports.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

A number of other equities analysts have also recently weighed in on the company. Smith Barney Citigroup raised ADT from a neutral rating to a buy rating and cut their price target for the stock from $13.50 to $10.00 in a report on Tuesday, October 27th. Citigroup lowered ADT from a buy rating to a neutral rating and lifted their target price for the stock from $10.00 to $10.75 in a research report on Friday, January 29th. Credit Suisse Group decreased their target price on ADT from $12.00 to $9.50 and set an outperform rating for the company in a research report on Friday, November 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded ADT from a neutral rating to a buy rating and decreased their target price for the stock from $13.50 to $10.00 in a research report on Tuesday, October 27th. Finally, Morgan Stanley reduced their price objective on ADT from $17.00 to $10.00 and set an equal weight rating for the company in a research report on Monday, October 19th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $10.98.

ADT stock traded up $0.05 during midday trading on Thursday, hitting $9.31. 8,735 shares of the stock were exchanged, compared to its average volume of 4,149,810. The stock’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.91. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -11.72, a PEG ratio of 1.07 and a beta of 2.36. ADT has a fifty-two week low of $3.40 and a fifty-two week high of $17.21. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.78 and a current ratio of 0.94.

A number of institutional investors have recently modified their holdings of the stock. CI Investments Inc. bought a new position in ADT during the 3rd quarter worth about $34,000. Valeo Financial Advisors LLC bought a new stake in shares of ADT in the fourth quarter worth $47,000. Moors & Cabot Inc. acquired a new position in shares of ADT during the fourth quarter valued at about $84,000. Teacher Retirement System of Texas acquired a new stake in shares of ADT in the 4th quarter worth about $109,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ADT in the 4th quarter worth about $114,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

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.

Featured Story: What are some reasons analysts would give stocks a buy rating?

Get a free copy of the Zacks research report on ADT (ADT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com