ADT’s (ADT) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of ADT (NYSE:ADT) in a report released on Wednesday,Benzinga reports. They currently have a $9.00 price objective on the security and automation business’ stock.

A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

ADT Price Performance

Shares of ADT opened at $7.61 on Wednesday. The stock has a market cap of $6.90 billion, a P/E ratio of 8.27 and a beta of 1.51. ADT has a 1 year low of $6.10 and a 1 year high of $8.25. The stock’s 50-day moving average price is $7.24 and its two-hundred day moving average price is $7.29. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

Institutional Investors Weigh In On ADT

Several institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new position in shares of ADT during the 3rd quarter worth approximately $70,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ADT in the 4th quarter valued at about $73,000. Chicago Partners Investment Group LLC acquired a new stake in shares of ADT in the fourth quarter valued at about $74,000. KBC Group NV raised its holdings in ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in ADT during the third quarter valued at approximately $76,000. 87.22% of the stock is owned by institutional investors.

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.