ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Rated Hold in New Coverage at Evercore

Evercore began coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a research note released on Monday morning, Marketbeat reports. The brokerage issued a hold rating and a $23.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. Seaport Research Partners started coverage on ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They issued a “buy” rating and a $35.00 price objective on the stock. Oppenheimer started coverage on ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Truist Financial assumed coverage on ADI Global Distribution Inc. Common Stock in a research note on Wednesday, August 26th. They set a “hold” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.50.

ADI Global Distribution Inc. Common Stock Price Performance

ADI Global Distribution Inc. Common Stock stock opened at $18.18 on Monday. ADI Global Distribution Inc. Common Stock has a 12 month low of $17.35 and a 12 month high of $30.99. The business has a fifty day moving average of $21.84. 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 distributor of security, low-voltage, and related technology products for professional installers, integrators, and contractors. The company supplies products used in residential and commercial security, access control, video surveillance, fire and life-safety systems, building automation, networking, and smart-home applications.

Its offerings include cameras and video equipment, alarms, sensors, access-control products, structured cabling, networking equipment, audio-visual products, and installation-related supplies.