ADT Corporation Price Target Cut to $42.00 by Analysts at Credit Suisse (ADT)
Equities researchers at Credit Suisse reduced their price target on shares of ADT Corporation (NYSE:ADT) from $55.00 to $42.00 in a research report issued on Monday, Analyst Ratings Network reports. Credit Suisse’s price objective points to a potential upside of 33.21% from the company’s current price.
A number of other firms have also recently commented on ADT. Analysts at Zacks reiterated a “neutral” rating on shares of ADT Corporation in a research note to investors on Tuesday, February 4th. They now have a $32.00 price target on the stock. Separately, analysts at R. F. Lafferty cut their price target on shares of ADT Corporation from $55.00 to $39.00 in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Finally, 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, January 31st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.63.
Shares of ADT Corporation (NYSE:ADT) traded up 1.05% on Monday, hitting $31.86. The stock had a trading volume of 884,126 shares. ADT Corporation has a one year low of $28.65 and a one year high of $50.37. The stock has a 50-day moving average of $37.52 and a 200-day moving average of $40.24. The company has a market cap of $5.840 billion and a P/E ratio of 17.15.
ADT Corporation (NYSE:ADT) last released its earnings data 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 $1.95 EPS 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 2.54%. 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.
In other ADT Corporation news, Insider Luis Orbegoso bought 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $29.90 per share, with a total value of $29,900.00. Following the completion of the transaction, the insider now directly owns 6,721 shares of the company’s stock, valued at approximately $200,958. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation, and monitoring services for residences and small businesses in the United States and Canada.
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