ADT Inc (NYSE:ADT) has been given an average recommendation of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.86.
A number of brokerages have issued reports on ADT. Goldman Sachs Group boosted their price target on ADT from $9.00 to $17.00 in a report on Tuesday, August 4th. Zacks Investment Research raised shares of ADT from a “sell” rating to a “hold” rating in a report on Friday, August 28th. Royal Bank of Canada lifted their price objective on shares of ADT from $10.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 10th. They noted that the move was a valuation call. Citigroup lowered their target price on shares of ADT from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Finally, Credit Suisse Group lifted their price target on ADT from $7.00 to $8.70 and gave the company an “outperform” rating in a research note on Monday, August 3rd.
Shares of NYSE:ADT traded up $0.31 during trading on Monday, hitting $8.49. The stock had a trading volume of 170,551 shares, compared to its average volume of 4,845,837. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 3.47. ADT has a 12-month low of $3.40 and a 12-month high of $17.21. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of -9.19, a price-to-earnings-growth ratio of 1.47 and a beta of 2.33. The stock has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $7.62.
ADT (NYSE:ADT) last issued its quarterly earnings results on Wednesday, August 5th. The security and automation business reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.34). ADT had a negative return on equity of 4.99% and a negative net margin of 12.47%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. As a group, sell-side analysts forecast that ADT will post 1.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.14 annualized dividend and a dividend yield of 1.65%. ADT’s dividend payout ratio is currently -155.56%.
In other news, major shareholder Apollo Management Holdings Gp, sold 42,920,526 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $10.00, for a total transaction of $429,205,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey Likosar sold 77,746 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $10.00, for a total transaction of $777,460.00. Following the sale, the chief financial officer now owns 2,113,739 shares in the company, valued at $21,137,390. The disclosure for this sale can be found here. Insiders sold a total of 43,081,029 shares of company stock valued at $430,810,290 in the last three months. 1.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its holdings in ADT by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 77,255 shares of the security and automation business’s stock worth $616,000 after buying an additional 1,368 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in ADT by 7.5% in the first quarter. Two Sigma Advisers LP now owns 34,200 shares of the security and automation business’s stock valued at $148,000 after purchasing an additional 2,400 shares in the last quarter. Macquarie Group Ltd. acquired a new position in ADT in the second quarter valued at approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ADT by 37.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,882 shares of the security and automation business’s stock valued at $119,000 after purchasing an additional 4,064 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in ADT by 13.3% during the first quarter. AQR Capital Management LLC now owns 34,991 shares of the security and automation business’s stock worth $151,000 after purchasing an additional 4,107 shares in the last quarter. 94.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
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