Zacks Investment Research upgraded shares of ADT (NYSE:ADT) from a strong sell rating to a hold rating in a research note published on Tuesday morning.

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. “

ADT has been the subject of a number of other reports. ValuEngine upgraded shares of ADT from a sell rating to a hold rating in a research report on Friday, February 15th. Royal Bank of Canada assumed coverage on shares of ADT in a research report on Monday, November 19th. They issued an outperform rating and a $12.00 price target for the company. Citigroup downgraded shares of ADT from a buy rating to a neutral rating and dropped their price target for the company from $13.00 to $8.25 in a research report on Tuesday. Finally, Morgan Stanley set a $10.00 price target on shares of ADT and gave the company a buy rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. ADT currently has an average rating of Hold and an average target price of $10.91.

Shares of ADT stock opened at $6.18 on Tuesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.51. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -38.63, a P/E/G ratio of 0.48 and a beta of 2.48. ADT has a 12-month low of $5.88 and a 12-month high of $10.75.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Tuesday, April 2nd will be given a $0.035 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.27%. ADT’s payout ratio is -87.50%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADT. Acadian Asset Management LLC acquired a new position in ADT during the fourth quarter valued at approximately $45,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ADT during the fourth quarter valued at approximately $60,000. Two Sigma Advisers LP acquired a new position in ADT during the fourth quarter valued at approximately $61,000. Lourd Capital LLC acquired a new position in ADT during the fourth quarter valued at approximately $67,000. Finally, Blueshift Asset Management LLC acquired a new position in ADT during the fourth quarter valued at approximately $88,000. Institutional investors own 97.38% of the company’s stock.

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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Analyst Recommendations for ADT (NYSE:ADT)

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