ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) to a hold rating in a research report released on Saturday morning.

A number of other equities analysts have also recently commented on ADIG. JPMorgan Chase & Co. initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They set a “neutral” rating and a $25.00 price objective for the company. Seaport Research Partners started coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 14th. They set a “buy” rating and a $35.00 target price for the company. Zacks Research raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Friday, August 7th. Truist Financial began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Wednesday. They issued a “hold” rating and a $24.00 price target on the stock. Finally, Oppenheimer assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.33.

ADI Global Distribution Inc. Common Stock Price Performance

Shares of NYSE ADIG opened at $22.10 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.40. ADI Global Distribution Inc. Common Stock has a 12 month low of $20.21 and a 12 month high of $30.99.

Institutional Trading of ADI Global Distribution Inc. Common Stock

An institutional investor recently bought a new position in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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.