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

Stock analysts at Evercore began coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a report issued on Monday, Marketbeat.com reports. The brokerage set a “hold” rating and a $23.00 price target on the stock. Evercore’s price objective suggests a potential upside of 24.76% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They set a “neutral” rating and a $25.00 price objective for the company. Seaport Research Partners assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They issued a “buy” rating and a $35.00 price objective on the stock. Oppenheimer assumed coverage on ADI Global Distribution Inc. Common Stock in a report on Tuesday, August 4th. They set an “outperform” rating and a $30.00 target price for the company. Wall Street Zen raised ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday, August 29th. Finally, Truist Financial began coverage on ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They set a “hold” rating and a $24.00 price objective for the company. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, ADI Global Distribution Inc. Common Stock presently has an average rating of “Hold” and an average price target of $25.50.

ADI Global Distribution Inc. Common Stock Price Performance

NYSE ADIG opened at $18.44 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 1.62. ADI Global Distribution Inc. Common Stock has a 52-week low of $17.88 and a 52-week high of $30.99.

ADI Global Distribution Inc. Common Stock Company Profile

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.