#2 - ADT (NYSE:ADT)
For a company that specializes in home security, shares of ADT (NYSE:ADT) stock have been far from a safe haven for investors. Since the company’s initial public offering (IPO) in 2018, the stock is down over 50%. But the company has a brighter outlook. To begin with, they are expected to report solid year-over-year earnings growth when they issue their quarterly earnings report on May 7.
The company is also strategically pivoting to catch up to the advanced in home security. The company is focusing its efforts on automation, smart home devices and mobile security. Like many businesses right now, the looming recession and current unemployment numbers may cause consumers to hold off on making investments in home security systems or cancel existing services. On the other hand, the new focus on sheltering in place may move security to the forefront of consumer budgets, particularly if they start working from home more.
A consensus price target of $7.69 suggests the stock may gain over 35% from current levels. In the meantime, investors can enjoy a nice dividend that is currently yielding over 2% and has increased in each of the last six consecutive years.
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.
Read More - Current Price
- $6.68
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $8.43 (26.2% Upside)
