ADT Corporation Given New $46.00 Price Target at Imperial Capital (ADT)
Imperial Capital dropped their target price on shares of ADT Corporation (NYSE:ADT) from $50.00 to $46.00 in a research note issued on Tuesday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective would indicate a potential upside of 49.79% from the stock’s previous close.
ADT Corporation (NYSE:ADT) traded down 0.71% on Tuesday, hitting $30.71. 4,191,975 shares of the company’s stock traded hands. 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 $37.26 and a 200-day moving average of $40.14. The company has a market cap of $5.629 billion and a P/E ratio of 16.82.
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. On average, analysts predict that ADT Corporation will post $1.93 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 2.61%. 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.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of ADT Corporation from $55.00 to $42.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ADT Corporation in a research note on Tuesday, February 4th. They now have a $32.00 price target on the stock. Finally, analysts at R. F. Lafferty cut their price target on shares of ADT Corporation from $55.00 to $39.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.75.
In other ADT Corporation news, Insider Luis Orbegoso acquired 1,000 shares of ADT Corporation stock on the open market in a transaction dated 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 purchase, 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 Securities & Exchange Commission, which can be accessed through 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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