ADI Global Distribution Inc. Common Stock (NYSE:ADIG – Free Report) had its price target trimmed by JPMorgan Chase & Co. from $25.00 to $20.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Several other brokerages also recently weighed in on ADIG. Zacks Research downgraded ADI Global Distribution Inc. Common Stock from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Wall Street Zen raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. Truist Financial began coverage on ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They issued a “hold” rating and a $24.00 price target on the stock. Seaport Research Partners initiated coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They set a “buy” rating and a $35.00 price target for the company. Finally, Evercore assumed coverage on ADI Global Distribution Inc. Common Stock in a report on Monday, September 28th. They set a “hold” rating and a $23.00 price target for the company. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.25.
Read Our Latest Stock Analysis on ADI Global Distribution Inc. Common Stock
ADI Global Distribution Inc. Common Stock Trading Up 1.4%
ADI Global Distribution Inc. Common Stock stock opened at $15.72 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.62 and a current ratio of 2.80. The business has a 50-day simple moving average of $20.64. ADI Global Distribution Inc. Common Stock has a 52 week low of $15.00 and a 52 week high of $30.99.
ADI Global Distribution Inc. Common Stock Company Profile
ADI Global Distribution Inc is a distributor of products and solutions used in the security, automation, and low-voltage technology markets. Its offerings include video surveillance equipment, access-control systems, intrusion and fire-alarm products, professional audio-visual equipment, networking hardware, and related installation supplies.
The company primarily serves security dealers, systems integrators, electrical contractors, and other technology professionals. Through sales channels that include branch locations, e-commerce platforms, and sales representatives, ADI supports customers with product sourcing, technical assistance, training, and logistics services.
ADI Global Distribution has operated as part of Resideo Technologies, Inc, following the separation of Resideo from Honeywell International.
Further Reading
- Five stocks we like better than ADI Global Distribution Inc. Common Stock
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for ADI Global Distribution Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADI Global Distribution Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.
