ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently issued reports on the stock. Zacks Research raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Friday, August 7th. Truist Financial started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They issued a “hold” rating and a $24.00 price target on the stock. Seaport Research Partners began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 14th. They set a “buy” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Oppenheimer assumed coverage on ADI Global Distribution Inc. Common Stock in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, ADI Global Distribution Inc. Common Stock currently has a consensus rating of “Hold” and a consensus target price of $26.33.

ADI Global Distribution Inc. Common Stock Trading Down 1.5%

ADI Global Distribution Inc. Common Stock stock opened at $21.77 on Friday. ADI Global Distribution Inc. Common Stock has a 52-week low of $20.21 and a 52-week high of $30.99. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new position in ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,145 shares of the company’s stock, valued at approximately $1,175,000.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.