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

Investment analysts at Evercore assumed coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a note issued to investors on Monday, Briefing.com reports. The brokerage set an “inline” rating and a $23.00 price target on the stock. Evercore’s price objective suggests a potential upside of 26.30% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Oppenheimer assumed coverage on ADI Global Distribution Inc. Common Stock in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a report on Saturday, August 29th. Seaport Research Partners started 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 target price for the company. Finally, Truist Financial began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Wednesday, August 26th. They set a “hold” rating and a $24.00 target price for the company. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, ADI Global Distribution Inc. Common Stock has a consensus rating of “Hold” and a consensus price target of $25.50.

ADI Global Distribution Inc. Common Stock Price Performance

ADIG stock traded down $1.34 during midday trading on Monday, hitting $18.21. The stock had a trading volume of 266,828 shares, compared to its average volume of 1,026,388. ADI Global Distribution Inc. Common Stock has a 12-month low of $17.88 and a 12-month 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.