ADT (NYSE:ADT) Given New $9.20 Price Target at The Goldman Sachs Group

ADT (NYSE:ADT) had its price target upped by The Goldman Sachs Group from $8.20 to $9.20 in a report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the security and automation business’ stock.

Separately, Royal Bank of Canada reduced their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

ADT Stock Down 3.2 %

Shares of NYSE:ADT opened at $7.88 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. ADT has a 52 week low of $5.53 and a 52 week high of $8.25. The company has a 50 day moving average price of $7.19 and a two-hundred day moving average price of $7.16. The company has a market capitalization of $7.27 billion, a PE ratio of 11.26 and a beta of 1.53.

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

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.79%. ADT’s payout ratio is 31.43%.

Institutional Investors Weigh In On ADT

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of ADT in the second quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in shares of ADT during the second quarter worth about $30,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT during the 2nd quarter valued at $38,000. Abich Financial Wealth Management LLC purchased a new position in shares of ADT in the 3rd quarter worth about $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT in the second quarter worth approximately $76,000. 87.22% of the stock is owned by institutional investors.

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.