ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on ADI Global Distribution, with three hold ratings and one buy rating. The average 12-month price target is $26.33, ranging from $24 to $35 among recently initiating firms.
• J.Safra Asset Management initiated an institutional position in the second quarter, purchasing 3,145 shares valued at approximately $1.18 million.
• ADIG opened at $22.10, compared with a 12-month trading range of $20.21 to $30.99; the company reports a current ratio of 2.80 and debt-to-equity ratio of 0.40.

ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Get Free Report) has been assigned an average recommendation of "Hold" from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.3333.

ADIG has been the subject of a number of analyst reports. Seaport Research Partners assumed coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 14th. They set a "buy" rating and a $35.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of ADI Global Distribution Inc. Common Stock in a research note on Friday, August 7th. They issued a "neutral" rating and a $25.00 target price on the stock. Truist Financial started coverage on shares of ADI Global Distribution Inc. Common Stock in a report on Wednesday. They set 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 research report on Saturday. Finally, Oppenheimer assumed 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 objective on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,145 shares of the company's stock, valued at approximately $1,175,000.

ADI Global Distribution Inc. Common Stock Price Performance

ADI Global Distribution Inc. Common Stock stock opened at $22.10 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.40. ADI Global Distribution Inc. Common Stock has a 12 month low of $20.21 and a 12 month high of $30.99.

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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