ADT (NYSE:ADT) Given New $9.00 Price Target at Royal Bank of Canada

ADT (NYSE:ADT) had its price objective increased by analysts at Royal Bank of Canada from $8.00 to $9.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the security and automation business’ stock. Royal Bank of Canada’s price target suggests a potential upside of 14.07% from the company’s previous close.

Separately, 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 research report on Friday.

ADT Price Performance

NYSE:ADT traded down $0.25 during trading hours on Friday, reaching $7.89. 8,421,941 shares of the company traded hands, compared to its average volume of 5,068,611. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The firm’s 50-day moving average is $7.18 and its 200-day moving average is $7.15. The stock has a market cap of $7.28 billion, a P/E ratio of 11.27 and a beta of 1.53. ADT has a 1-year low of $5.53 and a 1-year high of $8.25.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that ADT will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new stake in ADT in the second quarter valued at approximately $195,461,000. Ariel Investments LLC grew its stake in shares of ADT by 31.8% during the 1st quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock valued at $198,776,000 after buying an additional 7,131,950 shares during the period. LSV Asset Management increased its holdings in shares of ADT by 186.0% during the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after buying an additional 6,272,974 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after buying an additional 4,705,544 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after acquiring an additional 3,427,575 shares during the last quarter. Institutional investors and hedge funds 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.