Zacks Research Upgrades ADI Global Distribution Inc. Common Stock (NYSE:ADIG) to Hold

ADI Global Distribution Inc. Common Stock (NYSE:ADIG) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other brokerages have also issued reports on ADIG. JPMorgan Chase & Co. dropped their price target on ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. 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 price target on the stock. Seaport Research Partners began coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They set a “buy” rating and a $35.00 price objective for the company. Weiss Ratings began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Monday, October 26th. They issued a “sell (d)” rating for the company. Finally, Evercore initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Monday, September 28th. They issued a “hold” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.25.

ADI Global Distribution Inc. Common Stock Stock Up 2.8%

NYSE ADIG opened at $18.96 on Tuesday. The business’s 50 day simple moving average is $18.86. ADI Global Distribution Inc. Common Stock has a one year low of $15.00 and a one year high of $30.99. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.