Zacks Research Upgrades ADT (NYSE:ADT) to Hold

ADT (NYSE:ADT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley dropped their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.25.

ADT Stock Up 0.1%

ADT stock opened at $7.75 on Monday. The firm has a market capitalization of $6.35 billion, a PE ratio of 11.23 and a beta of 0.98. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. ADT has a twelve month low of $7.28 and a twelve month high of $8.94. The stock’s 50 day moving average is $8.06 and its 200-day moving average is $8.35.

Institutional Trading of ADT

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock valued at $108,000 after acquiring an additional 11,077 shares during the period. Caxton Associates LLP bought a new position in ADT during the first quarter valued at $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ADT by 29.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock valued at $9,396,000 after purchasing an additional 262,480 shares during the period. Focus Partners Wealth increased its position in ADT by 75.9% in the first quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after buying an additional 23,463 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of ADT in the second quarter valued at $93,000. Institutional investors own 87.22% of the company’s stock.

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.