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

ADT (NYSE:ADT)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a report 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 target points to a potential upside of 15.76% from the stock’s previous close.

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

ADT Price Performance

Shares of NYSE ADT opened at $7.78 on Wednesday. ADT has a 1-year low of $6.10 and a 1-year high of $8.25. The business has a 50-day moving average of $7.24 and a 200-day moving average of $7.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 8.45 and a beta of 1.51.

Institutional Trading of ADT

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in ADT by 20.3% in 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 acquiring an additional 5,222,972 shares during the period. Geode Capital Management LLC increased its position in ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after acquiring an additional 1,543,677 shares during the period. Charles Schwab Investment Management Inc. increased its position in ADT by 12.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after acquiring an additional 518,515 shares during the period. State Street Corp increased its position in ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after acquiring an additional 457,918 shares during the period. Finally, Bridgewater Associates LP increased its position in ADT by 220.5% in the 3rd quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after acquiring an additional 389,442 shares during the period. 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.