ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Average Target Price of $26.33 According to Brokerages

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) has earned an average recommendation of “Hold” from the four analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.33.

Several brokerages recently issued reports on ADIG. Seaport Research Partners assumed coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They issued a “buy” rating and a $35.00 price target for the company. Truist Financial assumed coverage on ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They issued a “hold” rating and a $24.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They set a “neutral” rating and a $25.00 price objective on the stock. Wall Street Zen upgraded ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday, August 29th. Finally, Oppenheimer initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price target on the stock.

ADI Global Distribution Inc. Common Stock Trading Up 0.5%

NYSE ADIG opened at $19.65 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40. ADI Global Distribution Inc. Common Stock has a 12 month low of $19.53 and a 12 month high of $30.99.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution Inc is a distributor of security, low-voltage, and related technology products for professional installers, integrators, and contractors. The company supplies products used in residential and commercial security, access control, video surveillance, fire and life-safety systems, building automation, networking, and smart-home applications.

Its offerings include cameras and video equipment, alarms, sensors, access-control products, structured cabling, networking equipment, audio-visual products, and installation-related supplies.