Zacks Research upgraded shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG – Free Report) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks reports.
Several other research analysts have also recently issued reports on ADIG. Evercore initiated coverage on ADI Global Distribution Inc. Common Stock in a research note on Monday, September 28th. They issued a “hold” rating and a $23.00 price objective on the stock. Oppenheimer initiated coverage on ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price objective for the company. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. lowered their price objective on shares of ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Finally, Seaport Research Partners began coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.25.
Check Out Our Latest Analysis on ADI Global Distribution Inc. Common Stock
ADI Global Distribution Inc. Common Stock Stock Up 2.8%
Shares of NYSE:ADIG opened at $18.96 on Tuesday. The stock’s 50 day moving average is $18.86. ADI Global Distribution Inc. Common Stock has a one year low of $15.00 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.62 and a current ratio of 2.80.
ADI Global Distribution Inc. Common Stock Company Profile
ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.
Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.
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