Morgan Stanley Boosts ADT (NYSE:ADT) Price Target to $9.00

ADT (NYSE:ADT) had its price objective hoisted by analysts at Morgan Stanley from $8.50 to $9.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the security and automation business’ stock. Morgan Stanley’s price objective would indicate a potential upside of 25.00% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group increased their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

ADT Trading Down 0.8 %

NYSE:ADT opened at $7.20 on Thursday. The company has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $7.35. The company has a market cap of $6.53 billion, a PE ratio of 7.83 and a beta of 1.49. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT has a 12 month low of $6.02 and a 12 month high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. ADT’s revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that ADT will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On ADT

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of ADT by 20.3% during the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares during the period. Ariel Investments LLC increased its stake in ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock worth $230,740,000 after buying an additional 780,762 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ADT by 61.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after acquiring an additional 4,705,544 shares during the period. LSV Asset Management lifted its position in shares of ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock valued at $73,310,000 after acquiring an additional 6,272,974 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of ADT by 75.0% in the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock worth $59,755,000 after acquiring an additional 3,370,550 shares during the period. 87.22% of the stock is currently owned by institutional investors.

About ADT

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.