ADI Global Distribution Inc. Common Stock (ADIG) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts’ consensus is “Hold”: Of six brokerages, four rate ADIG a hold, while one rates it sell and one buy. The average 12-month price target is $24.25.
• Recent analyst views vary: Seaport set a $35 target with a buy rating, while JPMorgan cut its target from $25 to $20 and assigned a neutral rating.
• Several institutional investors established new positions in the third quarter, with reported stakes ranging from $68,000 to about $680,000. ADIG opened at $19.49, within a 52-week range of $15.00 to $30.99.

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Get Free Report) have been given an average recommendation of "Hold" by the six brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.25.

Several equities research analysts recently weighed in on the company. Seaport Research Partners started coverage on ADI Global Distribution Inc. Common Stock in a research note on Friday, August 14th. They set a "buy" rating and a $35.00 target price for the company. Oppenheimer initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Tuesday, August 4th. They issued an "outperform" rating and a $30.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen raised shares of ADI Global Distribution Inc. Common Stock to a "hold" rating in a report on Saturday, August 29th. Finally, Evercore started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Monday, September 28th. They set a "hold" rating and a $23.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in ADI Global Distribution Inc. Common Stock during the 3rd quarter worth $68,000. Voya Investment Management LLC acquired a new position in ADI Global Distribution Inc. Common Stock in the third quarter valued at $238,000. Teachers Retirement System of The State of Kentucky acquired a new position in ADI Global Distribution Inc. Common Stock in the third quarter valued at $306,000. Paralel Advisors LLC purchased a new position in shares of ADI Global Distribution Inc. Common Stock during the third quarter worth about $620,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of ADI Global Distribution Inc. Common Stock during the third quarter worth about $680,000.

ADI Global Distribution Inc. Common Stock Trading Up 2.2%

ADIG opened at $19.49 on Thursday. ADI Global Distribution Inc. Common Stock has a one year low of $15.00 and a one year high of $30.99. The company has a current ratio of 2.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $18.59.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution Inc. is a wholesale distributor of products and solutions for security, life safety, audiovisual, and other low-voltage applications. It serves professional installers, systems integrators, and businesses with products including video surveillance, access control, intrusion and fire detection, networking, smart-home equipment, and related wiring and accessories. The company also provides services such as technical support, training, and digital tools to help customers select and deploy systems.

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