Wall Street Zen Upgrades ADI Global Distribution Inc. Common Stock (NYSE:ADIG) to Hold

ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the stock. Seaport Research Partners initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Friday, August 14th. They issued a "buy" rating and a $35.00 target price for the company. Oppenheimer started coverage on ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They issued an "outperform" rating and a $30.00 price target on the stock. Truist Financial assumed coverage on ADI Global Distribution Inc. Common Stock in a research note on Wednesday. They set a "hold" rating and a $24.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on ADI Global Distribution Inc. Common Stock in a research report on Friday, August 7th. They set a "neutral" rating and a $25.00 price objective for the company. Finally, Zacks Research upgraded ADI Global Distribution Inc. Common Stock to a "hold" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $26.33.

ADI Global Distribution Inc. Common Stock Trading Up 1.0%

Shares of ADIG opened at $22.10 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 1.62. ADI Global Distribution Inc. Common Stock has a 1-year low of $20.21 and a 1-year high of $30.99.

Institutional Trading of ADI Global Distribution Inc. Common Stock

An institutional investor recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp acquired a new position in shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,145 shares of the company's stock, valued at approximately $1,175,000.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.

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