ADT (NYSE:ADT) PT Raised to $9.20

ADT (NYSE:ADT) had its price target boosted by The Goldman Sachs Group from $8.20 to $9.20 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the security and automation business’ stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 16.75% from the company’s previous close.

Separately, Royal Bank of Canada reduced their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd.

ADT Stock Performance

Shares of NYSE:ADT opened at $7.88 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 11.26 and a beta of 1.53. ADT has a 12 month low of $5.53 and a 12 month high of $8.25. The company has a 50-day moving average price of $7.19 and a 200-day moving average price of $7.17.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that ADT will post 0.62 EPS for the current year.

Institutional Investors Weigh In On ADT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADT. Acadian Asset Management LLC purchased a new position in ADT during the second quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in ADT during the 2nd quarter valued at about $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT during the 2nd quarter valued at about $38,000. Abich Financial Wealth Management LLC bought a new stake in ADT during the third quarter worth about $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT in the second quarter worth about $76,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.