ADI Global Distribution Inc. Common Stock (ADIG) - What Are Brokerages Saying About This Stock?

Key Points

• Brokerage consensus is “Hold”: Of five analysts covering ADIG, one recommends selling, three recommend holding, and one recommends buying. The average 12-month price target is $24.25.
• Recent targets range from $20 at JPMorgan to $35 at Seaport Research Partners, with JPMorgan lowering its target from $25 and maintaining a neutral rating.
• ADIG shares opened at $15.48, near the company’s one-year low of $15.00 and below its 50-day moving average of $20.41. ADI distributes security, automation, networking, and low-voltage technology products.

ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.25.

A number of equities research analysts recently issued reports on the stock. Truist Financial initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Wednesday, August 26th. They issued a "hold" rating and a $24.00 price target on the stock. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a "hold" rating in a report on Saturday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Seaport Research Partners assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Friday, August 14th. They set a "buy" rating and a $35.00 price objective for the company. Finally, Evercore started coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Monday, September 28th. They set a "hold" rating and a $23.00 price objective on the stock.

ADI Global Distribution Inc. Common Stock Stock Down 1.4%

Shares of ADIG stock opened at $15.48 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. The stock's 50 day simple moving average is $20.41. ADI Global Distribution Inc. Common Stock has a 1-year low of $15.00 and a 1-year high of $30.99.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution Inc is a distributor of products and solutions used in the security, automation, and low-voltage technology markets. Its offerings include video surveillance equipment, access-control systems, intrusion and fire-alarm products, professional audio-visual equipment, networking hardware, and related installation supplies.

The company primarily serves security dealers, systems integrators, electrical contractors, and other technology professionals. Through sales channels that include branch locations, e-commerce platforms, and sales representatives, ADI supports customers with product sourcing, technical assistance, training, and logistics services.

ADI Global Distribution has operated as part of Resideo Technologies, Inc, following the separation of Resideo from Honeywell International.

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