Wall Street Zen Downgrades ADT (NYSE:ADT) to Hold

ADT (NYSE:ADT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

ADT has been the topic of a number of other research reports. Citigroup increased their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Zacks Research downgraded shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.38.

ADT Stock Performance

ADT stock opened at $8.26 on Friday. The firm has a 50 day moving average of $8.63 and a two-hundred day moving average of $8.48. ADT has a 12 month low of $6.71 and a 12 month high of $8.94. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 11.96 and a beta of 1.00. 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 (NYSE:ADT) last released its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business had revenue of $1.31 billion during the quarter. As a group, equities analysts anticipate that ADT will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On ADT

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of ADT by 20.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,099 shares of the security and automation business’s stock worth $62,000 after purchasing an additional 1,213 shares in the last quarter. Essex Financial Services Inc. bought a new position in shares of ADT in the third quarter valued at approximately $130,000. Syon Capital LLC raised its stake in shares of ADT by 74.0% in the third quarter. Syon Capital LLC now owns 21,304 shares of the security and automation business’s stock valued at $186,000 after acquiring an additional 9,061 shares during the last quarter. Maridea Wealth Management LLC acquired a new stake in ADT during the 3rd quarter valued at $171,000. Finally, Heartland Advisors Inc. bought a new position in ADT in the 3rd quarter valued at $6,288,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Company Profile

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.