ADT (ADT) Stock Rating Lowered by Morgan Stanley

Morgan Stanley cut shares of ADT (NYSE:ADT) from an overweight rating to an equal weight rating in a research report report published on Monday morning, BenzingaRatingsTable reports. Morgan Stanley currently has $7.00 target price on the security and automation business’ stock, down from their prior target price of $9.00.

ADT has been the topic of several other reports. ValuEngine upgraded ADT from a sell rating to a hold rating in a report on Tuesday, March 19th. Imperial Capital reiterated an outperform rating and issued a $12.00 price objective (down from $15.00) on shares of ADT in a report on Friday, March 15th. Barclays reiterated a buy rating and issued a $8.00 price objective on shares of ADT in a report on Wednesday, April 17th. Zacks Investment Research upgraded ADT from a strong sell rating to a hold rating in a report on Tuesday, March 12th. Finally, Citigroup cut ADT from a buy rating to a neutral rating and lowered their price objective for the stock from $13.00 to $8.25 in a report on Tuesday, March 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $10.53.

NYSE:ADT opened at $6.01 on Monday. ADT has a 52 week low of $5.88 and a 52 week high of $9.84. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.73 and a current ratio of 0.44. The stock has a market cap of $4.81 billion, a PE ratio of -37.56, a price-to-earnings-growth ratio of 0.80 and a beta of 2.31.

ADT (NYSE:ADT) last posted its quarterly earnings data on Monday, March 11th. The security and automation business reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.15). ADT had a negative return on equity of 2.45% and a negative net margin of 11.01%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, analysts expect that ADT will post 0.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, June 10th. ADT’s dividend payout ratio (DPR) is -87.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in ADT by 42.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,864 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,741 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in ADT by 7.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 39,026 shares of the security and automation business’s stock worth $249,000 after purchasing an additional 2,567 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in ADT by 10.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 40,800 shares of the security and automation business’s stock worth $245,000 after purchasing an additional 4,000 shares in the last quarter. M&T Bank Corp lifted its stake in ADT by 9.5% in the 4th quarter. M&T Bank Corp now owns 59,319 shares of the security and automation business’s stock worth $356,000 after purchasing an additional 5,147 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of ADT by 33.9% during the 4th quarter. United Services Automobile Association now owns 21,124 shares of the security and automation business’s stock valued at $127,000 after buying an additional 5,351 shares during the period. 96.75% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

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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Analyst Recommendations for ADT (NYSE:ADT)

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