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Research analysts at R. F. Lafferty reduced their price objective on shares of ADT Corporation (NYSE:ADT) from $55.00 to $39.00 in a report released on Friday, reports. The firm currently has a “buy” rating on the stock. R. F. Lafferty’s price objective points to a potential upside of 24.20% from the company’s current price.

ADT has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of ADT Corporation from $40.00 to $35.00 in a research note to investors on Friday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of ADT Corporation in a research note to investors on Friday. They now have a $37.00 price target on the stock, down previously from $45.00. Finally, 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.33.

Shares of ADT Corporation (NYSE:ADT) traded down 2.23% during mid-day trading on Friday, hitting $30.70. 3,384,574 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 $39.24 and its 200-day moving average is $40.79. The company has a market cap of $6.194 billion and a P/E ratio of 16.70. ADT Corporation also was the target of some unusual options trading on Thursday. Investors purchased 15,761 call options on the company. This is an increase of approximately 521% compared to the average volume of 2,538 call options.

ADT Corporation (NYSE:ADT) last released its earnings data on Thursday, January 30th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that ADT Corporation will post $2.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from ADT Corporation’s previous quarterly dividend of $0.13.

The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.

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