ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Picked Up by Analysts at Evercore

Equities research analysts at Evercore assumed coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a research note issued on Monday, Briefing.com reports. The firm set an “inline” rating and a $23.00 price target on the stock. Evercore’s price objective would indicate a potential upside of 25.72% from the stock’s previous close.

A number of other brokerages have also commented on ADIG. Wall Street Zen raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. assumed coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Truist Financial initiated coverage on ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They set a “hold” rating and a $24.00 target price on the stock. Seaport Research Partners initiated coverage on ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Zacks Research upgraded ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.50.

ADI Global Distribution Inc. Common Stock Stock Down 6.4%

Shares of NYSE:ADIG traded down $1.25 during trading on Monday, reaching $18.30. 151,062 shares of the stock were exchanged, compared to its average volume of 1,024,133. ADI Global Distribution Inc. Common Stock has a 1-year low of $17.88 and a 1-year high of $30.99. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a distributor of security, low-voltage, and related technology products for professional installers, integrators, and contractors. The company supplies products used in residential and commercial security, access control, video surveillance, fire and life-safety systems, building automation, networking, and smart-home applications.

Its offerings include cameras and video equipment, alarms, sensors, access-control products, structured cabling, networking equipment, audio-visual products, and installation-related supplies.