ADT (ADT) Price Target Raised to $15.00

ADT (NYSE:ADT) had its price target boosted by Credit Suisse Group from $14.00 to $15.00 in a report released on Friday morning, MarketBeat reports. The brokerage currently has an outperform rating on the security and automation business’ stock.

A number of other equities research analysts have also weighed in on ADT. Zacks Investment Research upgraded shares of ADT from a sell rating to a hold rating in a report on Tuesday, June 5th. Barclays lowered their target price on shares of ADT from $13.00 to $12.00 and set an overweight rating on the stock in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $15.00.

ADT stock opened at $9.26 on Friday. The stock has a market cap of $7.09 billion and a PE ratio of -26.49. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.04. ADT has a 1 year low of $6.93 and a 1 year high of $13.02.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, August 8th. The security and automation business reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. The business’s revenue was up 5.9% on a year-over-year basis. sell-side analysts expect that ADT will post 0.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 18th will be issued a $0.035 dividend. The ex-dividend date is Monday, September 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.51%. ADT’s dividend payout ratio is presently -40.00%.

Several institutional investors and hedge funds have recently bought and sold shares of ADT. Miller Value Partners LLC acquired a new stake in shares of ADT in the 2nd quarter worth about $55,009,000. BlackRock Inc. purchased a new stake in ADT in the 1st quarter valued at about $38,679,000. Federated Investors Inc. PA increased its stake in ADT by 5,041.8% in the 2nd quarter. Federated Investors Inc. PA now owns 1,565,779 shares of the security and automation business’s stock valued at $13,544,000 after buying an additional 1,535,327 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in ADT in the 1st quarter valued at about $7,821,000. Finally, Channing Capital Management LLC purchased a new stake in ADT in the 2nd quarter valued at about $7,473,000. Institutional investors own 99.79% of the company’s stock.

About ADT

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Analyst Recommendations for ADT (NYSE:ADT)

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