ADT (ADT) Upgraded by Zacks Investment Research to “Buy”

ADT (NYSE:ADT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $10.00 price objective on the security and automation business’ stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.11% from the stock’s previous close.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

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A number of other equities research analysts have also issued reports on the company. Imperial Capital assumed coverage on ADT in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $15.00 price target on the stock. Goldman Sachs assumed coverage on ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $19.00 price target on the stock. Citigroup assumed coverage on ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 price target on the stock. Deutsche Bank assumed coverage on ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on ADT in a research report on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.22.



ADT stock traded up $0.26 during midday trading on Tuesday, reaching $9.25. 2,045,793 shares of the stock traded hands, compared to its average volume of 4,915,087. ADT has a 12-month low of $7.36 and a 12-month high of $13.02. The stock has a market capitalization of $6,733.04 and a price-to-earnings ratio of -26.43. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.51 and a quick ratio of 0.39.

ADT (NYSE:ADT) last announced its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned ($0.07) EPS. ADT’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts anticipate that ADT will post 0.82 earnings per share for the current year.

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About ADT

ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.

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