ADT (NYSE:ADT) Given Sector Perform Rating at Royal Bank of Canada

ADT (NYSE:ADT)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $9.00 price objective on the security and automation business’ stock. Royal Bank of Canada’s price objective indicates a potential upside of 18.19% from the company’s previous close.

ADT has been the topic of a number of other reports. The Goldman Sachs Group raised their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on shares of 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 stock traded up $0.06 during trading on Wednesday, reaching $7.62. 2,144,491 shares of the company’s stock were exchanged, compared to its average volume of 4,857,234. The firm’s 50-day moving average price is $7.24 and its 200 day moving average price is $7.29. The company has a market cap of $6.91 billion, a P/E ratio of 8.28 and a beta of 1.51. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT has a 1-year low of $6.10 and a 1-year high of $8.25.

Hedge Funds Weigh In On ADT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after purchasing an additional 3,632,502 shares during the period. State Street Corp lifted its holdings in ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock worth $48,060,000 after buying an additional 457,918 shares during the period. Geode Capital Management LLC increased its stake in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after buying an additional 1,543,677 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ADT by 12.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock worth $33,615,000 after acquiring an additional 518,515 shares during the last quarter. Finally, FMR LLC boosted its holdings in ADT by 1.4% in the third quarter. FMR LLC now owns 2,003,325 shares of the security and automation business’s stock valued at $14,484,000 after acquiring an additional 27,711 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

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.