ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Consensus Price Target of $24.25 According to Brokerages

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.25.

ADIG has been the subject of several analyst reports. Evercore initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Monday, September 28th. They issued a “hold” rating and a $23.00 target price for the company. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Saturday, August 29th. Oppenheimer assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They set an “outperform” rating and a $30.00 price target on the stock. Zacks Research cut shares of ADI Global Distribution Inc. Common Stock from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th.

ADI Global Distribution Inc. Common Stock Trading Up 5.0%

Shares of ADI Global Distribution Inc. Common Stock stock opened at $15.98 on Friday. ADI Global Distribution Inc. Common Stock has a 12-month low of $15.00 and a 12-month high of $30.99. The company has a current ratio of 2.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $19.91.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.