ADT Inc (NYSE:ADT) hit a new 52-week low on Wednesday . The stock traded as low as $10.21 and last traded at $10.21, with a volume of 5654238 shares trading hands. The stock had previously closed at $10.54.
Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of ADT from a “hold” rating to a “buy” rating in a research note on Wednesday. Imperial Capital assumed coverage on shares of ADT in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $15.00 target price on the stock. Citigroup assumed coverage on shares of ADT in a research note on Tuesday, February 13th. They issued a “buy” rating and a $16.00 target price on the stock. Morgan Stanley assumed coverage on shares of ADT in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on shares of ADT in a research note on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.25.
ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, March 15th. The security and automation business reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.20). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. analysts expect that ADT Inc will post 0.76 EPS for the current fiscal year.
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ADT Company Profile
ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.
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