ADT (NYSE:ADT) has been given a $12.00 price objective by analysts at Morgan Stanley in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the security and automation business’ stock. Morgan Stanley’s target price suggests a potential upside of 52.87% from the company’s current price.

ADT has been the subject of several other reports. Bank of America started coverage on ADT in a research note on Tuesday, October 23rd. They set a “buy” rating and a $11.00 target price for the company. Zacks Investment Research cut ADT from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. ValuEngine upgraded ADT from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Credit Suisse Group started coverage on ADT in a research note on Friday, August 10th. They set an “outperform” rating and a $12.50 target price for the company. Finally, Deutsche Bank started coverage on ADT in a research note on Monday, October 1st. They set a “hold” rating and a $11.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. ADT currently has a consensus rating of “Buy” and a consensus price target of $13.70.

ADT stock opened at $7.85 on Thursday. The company has a market cap of $5.61 billion and a PE ratio of -22.43. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.87 and a quick ratio of 0.80. ADT has a 52 week low of $6.93 and a 52 week high of $13.02.

ADT (NYSE:ADT) last released its earnings results on Wednesday, November 7th. The security and automation business reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.28). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. As a group, analysts forecast that ADT will post 0.75 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in shares of ADT by 178.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,230 shares of the security and automation business’s stock valued at $105,000 after acquiring an additional 7,190 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of ADT by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 303,126 shares of the security and automation business’s stock valued at $2,846,000 after acquiring an additional 7,604 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of ADT by 4.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 253,551 shares of the security and automation business’s stock valued at $2,381,000 after acquiring an additional 10,537 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of ADT by 106.8% during the 2nd quarter. First Mercantile Trust Co. now owns 22,750 shares of the security and automation business’s stock valued at $197,000 after acquiring an additional 11,750 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of ADT by 17.7% during the 2nd quarter. Rhumbline Advisers now owns 91,152 shares of the security and automation business’s stock valued at $788,000 after acquiring an additional 13,715 shares in the last quarter. 99.84% of the stock is currently 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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Analyst Recommendations for ADT (NYSE:ADT)

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