ADT (ADT) Shares Gap Up to $8.81

ADT Inc (NYSE:ADT)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.45, but opened at $8.81. ADT shares last traded at $8.60, with a volume of 1844040 shares.

ADT has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on shares of ADT from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, March 16th. ValuEngine upgraded shares of ADT from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Royal Bank of Canada initiated coverage on shares of ADT in a report on Tuesday, February 13th. They issued an “outperform” rating and a $16.00 target price for the company. Bank of America initiated coverage on shares of ADT in a report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Credit Suisse Group initiated coverage on shares of ADT in a report on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. ADT currently has an average rating of “Buy” and a consensus target price of $15.88.

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The firm has a market capitalization of $6,598.23 and a PE ratio of -25.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.39 and a current ratio of 0.51.

ADT (NYSE:ADT) last released its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.20). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business earned ($0.07) EPS. The company’s revenue was up 5.2% on a year-over-year basis. equities analysts forecast that ADT Inc will post 0.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Monday, March 26th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.60%. ADT’s payout ratio is -40.00%.

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ADT Company Profile

ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.

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