ADT (NYSE:ADT) PT Raised to $9.20 at The Goldman Sachs Group

ADT (NYSE:ADT) had its target price boosted by investment analysts at The Goldman Sachs Group from $8.20 to $9.20 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the security and automation business’ stock. The Goldman Sachs Group’s target price would suggest a potential upside of 16.75% from the stock’s previous close.

Separately, Royal Bank of Canada cut their price objective on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd.

ADT Stock Performance

ADT stock opened at $7.88 on Friday. The firm’s 50 day simple moving average is $7.19 and its 200 day simple moving average is $7.17. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT has a 1-year low of $5.53 and a 1-year high of $8.25. The firm has a market capitalization of $7.27 billion, a PE ratio of 11.26 and a beta of 1.53.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, analysts expect that ADT will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ADT

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of ADT by 31.4% in the 1st quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock worth $8,703,000 after acquiring an additional 310,406 shares during the last quarter. GSA Capital Partners LLP bought a new stake in ADT in the first quarter worth $1,017,000. Quantbot Technologies LP boosted its position in ADT by 452.9% during the first quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock valued at $1,203,000 after buying an additional 146,657 shares during the period. Vanguard Group Inc. boosted its position in ADT by 10.7% during the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after buying an additional 3,427,575 shares during the period. Finally, Boston Partners increased its holdings in shares of ADT by 246.8% in the first quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock worth $1,293,000 after buying an additional 136,977 shares during the period. Institutional investors own 87.22% of the company’s stock.

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.