Wall Street Zen Upgrades ADI Global Distribution Inc. Common Stock (NYSE:ADIG) to “Hold”

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

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

ADI Global Distribution Inc. Common Stock Trading Down 0.0%

Shares of ADIG opened at $22.10 on Friday. ADI Global Distribution Inc. Common Stock has a one year low of $20.21 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 1.62.

Institutional Trading of ADI Global Distribution Inc. Common Stock

An institutional investor recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in ADI Global Distribution Inc. Common Stock (NYSE:ADIG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,145 shares of the company’s stock, valued at approximately $1,175,000.

ADI Global Distribution Inc. Common Stock Company Profile

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.