ADT (NYSE:ADT) Reaches New 12-Month High – Time to Buy?

Shares of ADT Inc. (NYSE:ADT) hit a new 52-week high on Thursday . The company traded as high as $8.33 and last traded at $8.03, with a volume of 3015696 shares. The stock had previously closed at $7.53.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.

ADT Trading Up 9.1 %

The stock has a market cap of $7.45 billion, a PE ratio of 8.93 and a beta of 1.50. The company’s fifty day moving average is $7.28 and its 200-day moving average is $7.30. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, February 27th. The security and automation business reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. ADT had a return on equity of 17.77% and a net margin of 18.18%. On average, analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ADT

Institutional investors have recently made changes to their positions in the company. Creative Planning acquired a new stake in ADT during the third quarter valued at $78,000. Private Advisor Group LLC acquired a new stake in shares of ADT during the 3rd quarter valued at about $159,000. International Assets Investment Management LLC purchased a new position in shares of ADT in the 3rd quarter valued at about $157,000. New York State Teachers Retirement System raised its holdings in ADT by 12.9% in the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after purchasing an additional 3,054 shares during the period. Finally, Innealta Capital LLC boosted its position in ADT by 170.5% during the third quarter. Innealta Capital LLC now owns 36,380 shares of the security and automation business’s stock worth $263,000 after purchasing an additional 22,933 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

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.