ADT Inc (NYSE:ADT) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 36,300,000 shares, a growth of 10.6% from the January 15th total of 32,810,000 shares. Approximately 34.5% of the company’s stock are short sold. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is currently 22.8 days.
ADT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. Credit Suisse Group boosted their price target on shares of ADT from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Barclays lowered shares of ADT from an “overweight” rating to an “equal weight” rating and set a $8.00 price target for the company. in a research note on Thursday, January 9th. ValuEngine lowered shares of ADT from a “buy” rating to a “hold” rating in a research note on Monday, December 30th. Finally, Imperial Capital boosted their price target on shares of ADT from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.81.
Shares of ADT stock opened at $7.04 on Friday. The firm has a fifty day simple moving average of $6.78 and a two-hundred day simple moving average of $6.84. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.80 and a current ratio of 0.89. ADT has a 12 month low of $4.25 and a 12 month high of $9.70.
ADT (NYSE:ADT) last announced its quarterly earnings results on Tuesday, November 12th. The security and automation business reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.23). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. ADT had a negative net margin of 9.99% and a negative return on equity of 1.78%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. As a group, analysts predict that ADT will post 0.9 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of ADT. Apollo Management Holdings L.P. grew its stake in shares of ADT by 0.6% in the 3rd quarter. Apollo Management Holdings L.P. now owns 631,310,605 shares of the security and automation business’s stock worth $3,958,317,000 after acquiring an additional 3,641,196 shares in the last quarter. Silver Rock Financial LP bought a new stake in shares of ADT in the 3rd quarter worth $12,751,000. Nuveen Asset Management LLC bought a new stake in shares of ADT in the 2nd quarter worth $5,369,000. Phocas Financial Corp. bought a new stake in shares of ADT in the 3rd quarter worth $4,606,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ADT in the 4th quarter worth $3,726,000. Hedge funds and other institutional investors own 98.27% of the company’s stock.
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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