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Analysts at Morgan Stanley lowered their price target on shares of ADT Corp (NYSE:ADT) from $35.00 to $33.00 in a research report issued to clients and investors on Monday, Stock Ratings reports. Morgan Stanley’s price target suggests a potential upside of 2.55% from the stock’s previous close.

Shares of ADT Corp (NYSE:ADT) traded down 3.95% on Monday, hitting $30.91. 2,598,637 shares of the company’s stock traded hands. ADT Corp has a 52-week low of $27.93 and a 52-week high of $46.71. The stock’s 50-day moving average is $30.31 and its 200-day moving average is $37.35. The company has a market cap of $5.666 billion and a price-to-earnings ratio of 17.50.

ADT Corp (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 Corp will post $1.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, April 28th.

Other equities research analysts have also recently issued reports about the stock. Analysts at EVA Dimensions upgraded shares of ADT Corp from an “underweight” rating to a “hold” rating in a research note on Thursday, March 13th. Separately, analysts at TheStreet downgraded shares of ADT Corp from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, analysts at Imperial Capital cut their price target on shares of ADT Corp from $50.00 to $46.00 in a research note on Tuesday, February 11th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.57.

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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