ADT (NYSE:ADT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of ADT (NYSE:ADT) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday 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. “

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded ADT from a d+ rating to a c- rating in a report on Wednesday, October 13th. Royal Bank of Canada lowered ADT from an outperform rating to a sector perform rating and cut their target price for the company from $12.00 to $10.00 in a research note on Thursday, January 6th. Finally, Citigroup started coverage on ADT in a research note on Wednesday, January 5th. They issued a buy rating and a $10.25 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $10.21.

Shares of ADT stock opened at $7.92 on Tuesday. The stock’s fifty day moving average is $8.49 and its 200-day moving average is $8.85. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.43 and a current ratio of 0.62. ADT has a 52 week low of $6.73 and a 52 week high of $11.77.

ADT (NYSE:ADT) last announced its earnings results on Tuesday, November 9th. The security and automation business reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.20). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. ADT had a negative return on equity of 8.92% and a negative net margin of 7.54%. ADT’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, analysts predict that ADT will post 0.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 4th. Shareholders of record on Thursday, December 16th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, December 15th. ADT’s payout ratio is -29.17%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its position in shares of ADT by 3.5% during the third quarter. Treasurer of the State of North Carolina now owns 56,914 shares of the security and automation business’s stock worth $460,000 after purchasing an additional 1,919 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of ADT by 1.1% during the second quarter. UBS Asset Management Americas Inc. now owns 195,227 shares of the security and automation business’s stock worth $2,106,000 after purchasing an additional 2,180 shares during the period. Swiss National Bank raised its position in shares of ADT by 0.7% during the third quarter. Swiss National Bank now owns 338,200 shares of the security and automation business’s stock worth $2,736,000 after purchasing an additional 2,300 shares during the period. Advisor Group Holdings Inc. raised its position in shares of ADT by 29.5% during the second quarter. Advisor Group Holdings Inc. now owns 10,923 shares of the security and automation business’s stock worth $118,000 after purchasing an additional 2,485 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of ADT by 25.6% during the second quarter. Principal Financial Group Inc. now owns 12,824 shares of the security and automation business’s stock worth $138,000 after purchasing an additional 2,610 shares during the period. 90.64% of the stock is currently owned by institutional investors.

About ADT

ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.

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