ADT Corporation Given Equal Weight Rating at Barclays (ADT)
ADT Corporation (NYSE:ADT)‘s stock had its “equal weight” rating restated by investment analysts at Barclays in a note issued to investors on Friday, ARN reports. They currently have a $37.00 price target on the stock, down from their previous price target of $45.00. Barclays’ target price points to a potential upside of 23.17% from the company’s current price.
ADT Corporation (NYSE:ADT) traded down 4.33% on Friday, hitting $30.04. 13,858,131 shares of the company’s stock traded hands. ADT Corporation has a 52-week low of $29.56 and a 52-week high of $50.37. The stock’s 50-day moving average is $38.96 and its 200-day moving average is $40.69. The company has a market cap of $6.061 billion and a price-to-earnings ratio of 16.70. ADT Corporation also saw unusually large options trading on Thursday. Investors purchased 15,761 call options on the company. This represents an increase of approximately 521% compared to the average volume of 2,538 call options.
ADT Corporation (NYSE:ADT) last announced its earnings results on Thursday, January 30th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.06. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $849.50 million. Analysts expect that ADT Corporation will post $2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Monday, January 27th. This is a boost from ADT Corporation’s previous quarterly dividend of $0.13.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of ADT Corporation from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $55.00 price target on the stock. Separately, analysts at Oppenheimer downgraded shares of ADT Corporation from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ADT Corporation in a research note to investors on Wednesday, January 8th. They now have a $42.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.14.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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