Analysts Set ADT Inc. (NYSE:ADT) Price Target at $9.25

Shares of ADT Inc. (NYSE:ADT) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.25.

Several equities research analysts recently weighed in on ADT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Morgan Stanley reduced their price objective on ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research cut ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th.

Institutional Trading of ADT

Several institutional investors have recently made changes to their positions in ADT. Norges Bank acquired a new position in ADT in the second quarter worth about $219,825,000. AQR Capital Management LLC grew its stake in shares of ADT by 124.6% in the 3rd quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock valued at $314,954,000 after purchasing an additional 20,062,625 shares during the period. Vanguard Group Inc. raised its holdings in shares of ADT by 42.7% in the 3rd quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock worth $564,918,000 after buying an additional 19,413,112 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of ADT by 2,089.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after buying an additional 13,969,976 shares during the period. Finally, LSV Asset Management lifted its position in shares of ADT by 97.1% during the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Price Performance

Shares of ADT stock opened at $8.21 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. The company has a market cap of $6.73 billion, a PE ratio of 11.90 and a beta of 0.98. The firm has a fifty day moving average price of $8.10 and a two-hundred day moving average price of $8.37. ADT has a fifty-two week low of $7.28 and a fifty-two week high of $8.94.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.