ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Given Average Rating of “Hold” by Brokerages

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have earned an average rating of “Hold” from the four research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.3333.

ADIG has been the subject of several research reports. Zacks Research upgraded ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Friday, August 7th. Truist Financial began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Wednesday, August 26th. They issued a “hold” rating and a $24.00 price target on the stock. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Saturday, August 29th. Oppenheimer started 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 on the stock. Finally, Seaport Research Partners began coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They issued a “buy” rating and a $35.00 price target for the company.

ADI Global Distribution Inc. Common Stock Price Performance

Shares of NYSE ADIG opened at $21.43 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.62 and a current ratio of 2.80. ADI Global Distribution Inc. Common Stock has a one year low of $20.09 and a one year high of $30.99.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.