Zacks Investment Research downgraded shares of Protection One (NYSE:ADT) from a buy rating to a hold rating in a report issued on Tuesday morning.
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 also recently commented on the stock. Barclays reduced their price objective on shares of Protection One from $17.00 to $13.00 and set an overweight rating for the company in a research note on Wednesday, April 25th. ValuEngine raised shares of Protection One from a sell rating to a hold rating in a research note on Thursday, April 19th. Morgan Stanley reduced their price objective on shares of Protection One from $18.00 to $15.00 and set an overweight rating for the company in a research note on Friday, March 16th. Royal Bank of Canada began coverage on shares of Protection One in a research note on Tuesday, February 13th. They issued an outperform rating and a $16.00 price objective for the company. Finally, Bank of America began coverage on shares of Protection One in a research note on Tuesday, February 13th. They issued a buy rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $15.00.
Protection One opened at $7.17 on Tuesday, MarketBeat reports. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 2.02. Protection One has a fifty-two week low of $7.08 and a fifty-two week high of $7.21.
Protection One (NYSE:ADT) last posted its quarterly earnings results on Wednesday, May 9th. The security and automation business reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.27). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. analysts forecast that Protection One will post 0.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 25th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, June 22nd. Protection One’s dividend payout ratio (DPR) is -40.00%.
In other Protection One news, Director Andrew Africk acquired 130,000 shares of Protection One stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average price of $7.46 per share, with a total value of $969,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.23% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new position in shares of Protection One during the first quarter worth $100,000. Wells Fargo & Company MN acquired a new position in shares of Protection One during the first quarter worth $126,000. Envestnet Asset Management Inc. acquired a new position in shares of Protection One during the first quarter worth $149,000. State of Wisconsin Investment Board acquired a new position in shares of Protection One during the first quarter worth $168,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of Protection One during the first quarter worth $174,000. 0.78% of the stock is currently owned by institutional investors and hedge funds.
Protection One Company Profile
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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