JPMorgan Chase & Co. started coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG – Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage issued a neutral rating and a $25.00 price target on the stock.
Separately, Oppenheimer initiated coverage on ADI Global Distribution Inc. Common Stock in a research note on Tuesday. They set an “outperform” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.
Check Out Our Latest Stock Analysis on ADI Global Distribution Inc. Common Stock
ADI Global Distribution Inc. Common Stock Stock Performance
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in ADI Global Distribution Inc. Common Stock (NYSE:ADIG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,145 shares of the company’s stock, valued at approximately $1,175,000.
ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.
Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.
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