ADT (NYSE:ADT) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of ADT (NYSE:ADT) from a hold rating to a sell rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

Several other analysts have also commented on the stock. Credit Suisse Group increased their target price on shares of ADT from $7.00 to $8.70 and gave the company an outperform rating in a research note on Monday. Bank of America cut their price objective on ADT from $8.00 to $6.50 and set a neutral rating for the company in a research report on Monday, April 20th. Morgan Stanley lifted their target price on ADT from $6.50 to $7.00 and gave the stock an equal weight rating in a report on Friday, July 10th. Imperial Capital reduced their target price on ADT from $10.00 to $9.00 and set an outperform rating for the company in a report on Wednesday, April 22nd. Finally, Royal Bank of Canada restated a buy rating and set a $10.00 price objective on shares of ADT in a report on Sunday, May 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. ADT presently has an average rating of Hold and a consensus target price of $10.63.

Shares of ADT traded down $0.40 during midday trading on Monday, reaching $13.08. The stock had a trading volume of 536,120 shares, compared to its average volume of 1,624,280. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.58 and a quick ratio of 0.44. The company has a market capitalization of $9.95 billion, a P/E ratio of -14.65, a P/E/G ratio of 2.10 and a beta of 2.27. The firm’s 50 day moving average price is $7.97 and its 200-day moving average price is $6.50. ADT has a 52 week low of $3.40 and a 52 week high of $17.21.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, May 7th. The security and automation business reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.28). ADT had a negative return on equity of 3.45% and a negative net margin of 12.53%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted ($0.02) earnings per share. ADT’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that ADT will post 1 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of ADT by 60.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,131 shares of the security and automation business’s stock worth $33,000 after purchasing an additional 1,553 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in ADT during the first quarter valued at approximately $27,000. Successful Portfolios LLC acquired a new position in ADT in the 1st quarter valued at approximately $44,000. Envestnet Asset Management Inc. purchased a new stake in ADT in the 2nd quarter worth approximately $89,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ADT during the 1st quarter valued at $61,000. Institutional investors own 94.86% of the company’s stock.

About ADT

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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