ADT Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:ADT)
ADT Corp (NYSE:ADT) has earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.71.
Shares of ADT Corp (NYSE:ADT) traded down 0.40% on Wednesday, hitting $36.95. 80,487 shares of the company’s stock traded hands. ADT Corp has a 52 week low of $27.93 and a 52 week high of $46.05. The stock’s 50-day moving average is $34.79 and its 200-day moving average is $32.38. The company has a market cap of $6.430 billion and a P/E ratio of 22.43.
ADT Corp (NYSE:ADT) last announced its earnings results on Wednesday, July 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. The company had revenue of $849.00 million for the quarter, compared to the consensus estimate of $848.20 million. During the same quarter last year, the company posted $0.53 earnings per share. ADT Corp’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that ADT Corp will post $1.97 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of ADT Corp from $34.00 to $35.00 in a research note on Tuesday, August 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ADT Corp in a research note on Thursday, July 31st. They now have a $37.00 price target on the stock. Finally, analysts at ISI Group reiterated an “outperform” rating on shares of ADT Corp in a research note on Monday, July 14th.
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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