ADT (NYSE:ADT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

Several other research firms also recently commented on ADT. Barclays decreased their target price on shares of ADT from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. Credit Suisse Group upped their price objective on shares of ADT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.00.

Shares of NYSE:ADT traded down $0.10 during midday trading on Monday, hitting $9.27. 201,767 shares of the company’s stock were exchanged, compared to its average volume of 3,347,125. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market cap of $7.09 billion and a PE ratio of -26.49. ADT has a 12 month low of $6.93 and a 12 month high of $13.02.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, August 8th. The security and automation business reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ADT’s revenue was up 5.9% compared to the same quarter last year. equities research analysts expect that ADT will post 0.71 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. California Public Employees Retirement System bought a new stake in ADT in the 1st quarter worth about $198,000. Federated Investors Inc. PA boosted its stake in ADT by 5,041.8% in the second quarter. Federated Investors Inc. PA now owns 1,565,779 shares of the security and automation business’s stock valued at $13,544,000 after acquiring an additional 1,535,327 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in ADT by 45.0% in the second quarter. Russell Investments Group Ltd. now owns 496,921 shares of the security and automation business’s stock valued at $4,269,000 after acquiring an additional 154,171 shares during the last quarter. Natixis Advisors L.P. purchased a new position in ADT in the first quarter valued at about $1,311,000. Finally, BlackRock Inc. purchased a new position in ADT in the first quarter valued at about $38,679,000. 99.79% of the stock is owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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