Weiss Ratings Reaffirms "Buy (B)" Rating for ADT (NYSE:ADT)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for ADT, indicating positive sentiment among analysts towards the company's stock.
• ADT's stock price has recently seen an increase, trading up 1.1% to $8.68, with a market capitalization of $7.21 billion.
• Several research analysts have adjusted their price targets for ADT, with Morgan Stanley raising theirs from $9.00 to $9.50 and Citigroup increasing it from $9.00 to $10.00.

ADT (NYSE:ADT - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on ADT. Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Zacks Research cut shares of ADT from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Wall Street Zen cut shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.34.

ADT Stock Up 1.1%

Shares of ADT traded up $0.10 on Wednesday, hitting $8.68. 2,144,709 shares of the stock traded hands, compared to its average volume of 13,973,318. ADT has a one year low of $6.68 and a one year high of $8.94. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The business has a 50 day simple moving average of $8.64 and a 200 day simple moving average of $8.37. The company has a market capitalization of $7.21 billion, a PE ratio of 13.14 and a beta of 1.05.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company posted $0.17 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, equities analysts forecast that ADT will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the sale, the insider directly owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ADT

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its position in shares of ADT by 7,745.1% in the 1st quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock worth $28,039,000 after purchasing an additional 3,400,705 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of ADT by 366.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after purchasing an additional 58,292 shares during the period. Amalgamated Bank lifted its position in shares of ADT by 36.8% in the 1st quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock worth $160,000 after purchasing an additional 5,287 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of ADT by 93.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock worth $1,732,000 after purchasing an additional 102,538 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of ADT by 259.5% in the 1st quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business's stock worth $4,997,000 after purchasing an additional 443,121 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

About ADT

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.

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