Royal Bank of Canada Raises ADT (NYSE:ADT) Price Target to $9.00

ADT (NYSE:ADT) had its target price boosted by Royal Bank of Canada from $8.00 to $9.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the security and automation business’ stock. Royal Bank of Canada’s target price would indicate a potential upside of 14.21% from the stock’s previous close.

Separately, The Goldman Sachs Group raised their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday.

ADT Stock Performance

NYSE ADT opened at $7.88 on Friday. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $8.25. The stock has a market cap of $7.27 billion, a PE ratio of 11.26 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The firm’s fifty day moving average price is $7.19 and its two-hundred day moving average price is $7.17.

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

Institutional Trading of ADT

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of ADT by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after purchasing an additional 3,427,575 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of ADT by 2.6% during 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. Pacer Advisors Inc. bought a new stake in shares of ADT in the 2nd quarter valued at $195,461,000. Dimensional Fund Advisors LP lifted its position in shares of ADT by 61.5% during the 2nd 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. Finally, LSV Asset Management boosted its stake in ADT by 186.0% during the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after acquiring an additional 6,272,974 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

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.