ADT (NYSE:ADT) Given New $9.00 Price Target at Morgan Stanley

ADT (NYSE:ADT) had its price target lowered by research analysts at Morgan Stanley from $9.50 to $9.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the security and automation business’ stock. Morgan Stanley’s price target would suggest a potential upside of 10.70% from the stock’s previous close.

Several other research firms also recently issued reports on ADT. Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a research note on Monday. Citigroup upped their price target on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, ADT presently has a consensus rating of “Hold” and a consensus price target of $9.25.

ADT Stock Down 0.7%

Shares of ADT opened at $8.13 on Wednesday. The firm has a market cap of $6.66 billion, a P/E ratio of 11.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67. ADT has a 52 week low of $6.71 and a 52 week high of $8.94. The firm’s 50-day simple moving average is $8.31 and its 200 day simple moving average is $8.45.

ADT (NYSE:ADT) last issued its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%.The company had revenue of $1.31 billion for the quarter. On average, analysts forecast that ADT will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On ADT

Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of ADT during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC raised its position in ADT by 69.5% during the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares in the last quarter. Quent Capital LLC bought a new stake in ADT during the third quarter worth $28,000. IFP Advisors Inc lifted its stake in ADT by 1,759.1% during the third quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock worth $35,000 after purchasing an additional 3,782 shares during the last quarter. Finally, WPG Advisers LLC boosted its holdings in shares of ADT by 54.3% in the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after purchasing an additional 1,440 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Company Profile

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.