ADT (NYSE:ADT) Upgraded at Barclays

Barclays upgraded shares of ADT (NYSE:ADT) from an underweight rating to an equal weight rating in a report published on Wednesday morning, MarketBeat.com reports. They currently have $10.00 target price on the security and automation business’ stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley cut their price target on ADT from $7.75 to $7.25 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Weiss Ratings upgraded shares of ADT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 29th. Finally, BTIG Research started coverage on shares of ADT in a research report on Monday, August 17th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.73.

ADT Stock Performance

Shares of ADT traded down $0.04 during midday trading on Wednesday, reaching $9.87. The stock had a trading volume of 14,814,197 shares, compared to its average volume of 18,371,604. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. The firm has a 50 day simple moving average of $7.22 and a 200-day simple moving average of $7.14. The firm has a market cap of $7.21 billion, a PE ratio of 13.33 and a beta of 0.95. ADT has a one year low of $6.03 and a one year high of $9.99.

ADT (NYSE:ADT) last issued its earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. ADT had a net margin of 11.85% and a return on equity of 18.99%. ADT’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, sell-side analysts anticipate that ADT will post 0.90 EPS for the current year.

Hedge Funds Weigh In On ADT

Several institutional investors and hedge funds have recently modified their holdings of ADT. Bank of New York Mellon Corp acquired a new stake in ADT in the 2nd quarter worth about $34,130,000. Dimensional Fund Advisors LP grew its position in shares of ADT by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 39,887,288 shares of the security and automation business’s stock worth $262,054,000 after purchasing an additional 3,529,422 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in shares of ADT during the 1st quarter worth approximately $16,871,000. Principal Financial Group Inc. increased its holdings in shares of ADT by 17,352.6% during the first quarter. Principal Financial Group Inc. now owns 2,462,039 shares of the security and automation business’s stock worth $16,176,000 after purchasing an additional 2,447,932 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of ADT by 191.1% during the first quarter. Quantinno Capital Management LP now owns 3,637,287 shares of the security and automation business’s stock worth $23,897,000 after purchasing an additional 2,387,826 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.