ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Coverage Initiated by Analysts at Seaport Research Partners

Stock analysts at Seaport Research Partners started coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a “buy” rating and a $35.00 price target on the stock. Seaport Research Partners’ price target indicates a potential upside of 35.55% from the stock’s previous close.

Other research analysts have also issued reports about the company. Oppenheimer started coverage on ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They set an “outperform” rating and a $30.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Zacks Research raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.50.

ADI Global Distribution Inc. Common Stock Stock Up 2.3%

ADIG opened at $25.82 on Friday. ADI Global Distribution Inc. Common Stock has a 12-month low of $21.00 and a 12-month high of $30.99.

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 bought a new stake in ADI Global Distribution Inc. Common Stock (NYSE:ADIG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.