Imperial Capital Increases ADT (NYSE:ADT) Price Target to $11.00

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ADT (NYSE:ADT) had its price target upped by stock analysts at Imperial Capital from $10.00 to $11.00 in a report released on Wednesday, Briefing.com Automated Import reports. The brokerage currently has an “outperform” rating on the security and automation business’ stock. Imperial Capital’s price target indicates a potential upside of 28.35% from the company’s previous close.

A number of other analysts have also recently commented on ADT. TheStreet upgraded shares of ADT from a “d+” rating to a “c-” rating in a report on Friday, October 18th. Zacks Investment Research upgraded shares of ADT from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada set a $10.00 target price on shares of ADT and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of ADT from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ADT currently has a consensus rating of “Buy” and a consensus price target of $8.50.

Shares of ADT stock traded up $0.03 during mid-day trading on Wednesday, reaching $8.57. 57,232 shares of the company’s stock traded hands, compared to its average volume of 1,872,382. ADT has a 12 month low of $4.25 and a 12 month high of $8.56. The company has a market cap of $6.35 billion, a P/E ratio of -53.13 and a beta of 2.37. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.60. The company’s 50-day moving average price is $7.45 and its 200-day moving average price is $6.27.

ADT (NYSE:ADT) last announced its earnings results on Tuesday, November 12th. The security and automation business reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.23). ADT had a negative net margin of 9.99% and a negative return on equity of 1.78%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts predict that ADT will post 0.89 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ADT. Commonwealth Bank of Australia purchased a new position in shares of ADT in the 2nd quarter worth about $30,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of ADT in the 2nd quarter worth about $66,000. Voloridge Investment Management LLC purchased a new position in shares of ADT in the 2nd quarter worth about $70,000. Machina Capital S.A.S. purchased a new position in shares of ADT in the 2nd quarter worth about $86,000. Finally, Ancora Advisors LLC purchased a new position in shares of ADT in the 2nd quarter worth about $122,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

About ADT

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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Analyst Recommendations for ADT (NYSE:ADT)

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