ADT (NYSE:ADT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $10.00 price target on the security and automation business’ stock. Zacks Investment Research‘s target price would suggest a potential upside of 4.60% from the company’s previous close.
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 analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of ADT from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Bank of America started coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “buy” rating and a $16.00 price objective on the stock. Deutsche Bank started coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “buy” rating and a $16.00 price objective on the stock. Citigroup started coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Goldman Sachs started coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “buy” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. ADT currently has a consensus rating of “Buy” and an average target price of $15.22.
ADT stock opened at $9.56 on Tuesday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.39 and a current ratio of 0.51. The firm has a market cap of $6,733.04 and a PE ratio of -27.31. ADT has a fifty-two week low of $7.36 and a fifty-two week high of $13.02.
ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, March 15th. The security and automation business reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.20). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) EPS. equities analysts forecast that ADT will post 0.82 earnings per share for the current year.
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ADT Company Profile
ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.
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