ADT (NYSE:ADT) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of ADT (NYSE:ADT) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks reports.

ADT has been the subject of several other research reports. BTIG Research began coverage on shares of ADT in a research report on Monday, August 17th. They issued a “neutral” rating for the company. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective for the company in a report on Wednesday, November 4th. Morgan Stanley dropped their price objective on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of ADT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.73.

ADT Stock Performance

NYSE:ADT opened at $9.91 on Tuesday. ADT has a 12-month low of $6.03 and a 12-month high of $9.99. The firm has a market capitalization of $7.24 billion, a PE ratio of 13.40 and a beta of 0.95. The firm has a 50-day moving average price of $7.37 and a 200 day moving average price of $7.16. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.80.

ADT (NYSE:ADT) last released its quarterly earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. ADT had a net margin of 11.85% and a return on equity of 18.57%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Research analysts anticipate that ADT will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ADT

Large investors have recently bought and sold shares of the stock. Amundi lifted its holdings in ADT by 1,033.8% in the second quarter. Amundi now owns 1,618,696 shares of the security and automation business’s stock valued at $10,522,000 after acquiring an additional 1,475,926 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of ADT by 18.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,396,542 shares of the security and automation business’s stock worth $8,491,000 after acquiring an additional 217,906 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of ADT by 19.6% in the second quarter. Wasatch Advisors LP now owns 8,427,968 shares of the security and automation business’s stock worth $54,782,000 after acquiring an additional 1,382,292 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of ADT in the second quarter worth about $1,041,000. Finally, Wedge Capital Management L L P NC lifted its stake in shares of ADT by 18.0% in the second quarter. Wedge Capital Management L L P NC now owns 2,442,795 shares of the security and automation business’s stock worth $15,878,000 after acquiring an additional 373,000 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Company Profile

ADT Inc. provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps. The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.