ADT (NYSE:ADT) Stock Rating Lowered by Zacks Research

ADT (NYSE:ADT) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of ADT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. Morgan Stanley reduced their price target on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. BTIG Research started coverage on shares of ADT in a report on Monday, August 17th. They issued a “neutral” rating for the company. Finally, Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective for the company in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.73.

ADT Price Performance

Shares of ADT opened at $9.91 on Tuesday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 13.40 and a beta of 0.95. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $7.16. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.80. ADT has a 52 week low of $6.03 and a 52 week high of $9.99.

ADT (NYSE:ADT) last posted its quarterly earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. ADT had a return on equity of 18.57% and a net margin of 11.85%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that ADT will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in shares of ADT by 1,033.8% during the second quarter. Amundi now owns 1,618,696 shares of the security and automation business’s stock valued at $10,522,000 after acquiring an additional 1,475,926 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of ADT by 18.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,396,542 shares of the security and automation business’s stock worth $8,491,000 after acquiring an additional 217,906 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of ADT by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 8,427,968 shares of the security and automation business’s stock worth $54,782,000 after acquiring an additional 1,382,292 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of ADT in the 2nd quarter worth about $1,041,000. Finally, Wedge Capital Management L L P NC lifted its position in ADT by 18.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 2,442,795 shares of the security and automation business’s stock valued at $15,878,000 after purchasing an additional 373,000 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About ADT

ADT Inc. provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps. The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.