ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Rated “Inline” in New Coverage at Evercore

Evercore assumed coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a note issued to investors on Monday, Briefing.com reports. The brokerage set an “inline” rating and a $23.00 price target on the stock. Evercore’s price target suggests a potential upside of 26.30% from the stock’s current price.

ADIG has been the topic of a number of other reports. Zacks Research raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Friday, August 7th. Oppenheimer started coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Tuesday, August 4th. They set an “outperform” rating and a $30.00 price target on the stock. Wall Street Zen upgraded shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. started coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Truist Financial assumed 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 target price on the stock. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.50.

ADI Global Distribution Inc. Common Stock Stock Down 6.9%

NYSE:ADIG traded down $1.34 during trading hours on Monday, reaching $18.21. The company had a trading volume of 266,828 shares, compared to its average volume of 1,026,388. 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 1-year low of $17.88 and a 1-year high of $30.99.

About ADI Global Distribution Inc. Common Stock

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.