Royal Bank of Canada Reiterates “Sector Perform” Rating for ADT (NYSE:ADT)

ADT (NYSE:ADT)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada in a research note issued on Wednesday,Benzinga reports. They currently have a $9.00 price target on the security and automation business’ stock. Royal Bank of Canada’s price objective points to a potential upside of 18.19% from the stock’s previous close.

ADT has been the topic of a number of other research reports. Morgan Stanley boosted their target price on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Trading Up 0.7 %

ADT stock traded up $0.06 during mid-day trading on Wednesday, reaching $7.62. The company’s stock had a trading volume of 2,144,491 shares, compared to its average volume of 4,857,234. ADT has a 12 month low of $6.10 and a 12 month high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average price is $7.24 and its 200 day moving average price is $7.29. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.51.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new position in ADT in the 3rd quarter valued at about $70,000. Capstone Investment Advisors LLC purchased a new stake in shares of ADT in the third quarter worth approximately $76,000. Chicago Partners Investment Group LLC bought a new position in shares of ADT in the fourth quarter valued at approximately $74,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ADT during the fourth quarter worth $73,000. Finally, KBC Group NV grew its holdings in ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.