ADT Now Covered by Analysts at Imperial Capital (ADT)
Investment analysts at Imperial Capital assumed coverage on shares of ADT (NYSE: ADT) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
ADT (NYSE: ADT) traded down 0.16% on Wednesday, hitting $49.02. ADT has a 52-week low of $35.38 and a 52-week high of $50.37. The stock’s 50-day moving average is currently $47.83. The company has a market cap of $11.384 billion and a price-to-earnings ratio of 28.55.
ADT (NYSE: ADT) last released its earnings data on Wednesday, January 30th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $744.00 million for the quarter, compared to the consensus estimate of $818.00 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that ADT will post $1.79 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Argus reiterated a “hold” rating on shares of ADT in a research note to investors on Tuesday. They now have a $48.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of ADT from $45.00 to $47.00 in a research note to investors on Thursday, January 31st. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of ADT from $43.00 to $45.00 in a research note to investors on Monday, January 14th. They now have an “equal weight” rating on the stock.
Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.63.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 15th. Investors of record on Wednesday, April 24th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, April 22nd.
The ADT Corporation (NYSE: ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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