ADT (NYSE:ADT) Given “Sector Perform” Rating at Royal Bank of Canada

ADT (NYSE:ADT)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a research report issued on Monday,Benzinga reports. They presently have a $9.00 target price on the security and automation business’ stock. Royal Bank of Canada’s price target suggests a potential upside of 17.04% from the company’s current price.

Separately, Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Trading Down 2.3 %

ADT stock traded down $0.18 during midday trading on Monday, hitting $7.69. The company had a trading volume of 4,218,660 shares, compared to its average volume of 7,676,433. The stock’s 50 day moving average price is $7.77 and its 200 day moving average price is $7.47. ADT has a 52 week low of $6.16 and a 52 week high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 8.36 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADT. Atria Investments Inc raised its holdings in ADT by 9.9% in the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock worth $104,000 after purchasing an additional 1,358 shares in the last quarter. Federated Hermes Inc. boosted its stake in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after acquiring an additional 1,449 shares in the last quarter. Highland Capital Management LLC grew its holdings in ADT by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after purchasing an additional 1,810 shares during the period. State of Wyoming increased its stake in shares of ADT by 5.0% during the fourth quarter. State of Wyoming now owns 43,661 shares of the security and automation business’s stock valued at $302,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of ADT by 10.8% during the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after purchasing an additional 2,112 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.