ADT Corp Earns “BB” Credit Rating from Morningstar (ADT)
ADT Corp (NYSE:ADT) has earned a “BB” credit rating from analysts at Morningstar. The agency’s “BB” rating suggests that the company is an above-average default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.
Other equities research analysts have also recently issued reports about 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.71.
Shares of ADT Corp (NYSE:ADT) traded down 0.24% during mid-day trading on Monday, hitting $36.86. 916,023 shares of the company’s stock traded hands. ADT Corp has a one year low of $27.93 and a one year high of $46.05. The stock’s 50-day moving average is $35.09 and its 200-day moving average is $32.4. The company has a market cap of $6.414 billion and a price-to-earnings ratio of 22.34.
ADT Corp (NYSE:ADT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that ADT Corp will post $1.97 EPS for the current fiscal year.
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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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