Morgan Stanley Begins Coverage on ADT (ADT)

Equities research analysts at Morgan Stanley started coverage on shares of ADT (NYSE:ADT) in a research note issued to investors on Tuesday, MarketBeat reports. The firm set an “overweight” rating and a $18.00 price target on the health services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 48.15% from the company’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada assumed coverage on ADT in a report on Tuesday. They issued an “outperform” rating and a $16.00 price target on the stock. Bank of America assumed coverage on ADT in a report on Tuesday. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group assumed coverage on ADT in a report on Tuesday. They issued a “neutral” rating and a $14.00 price target on the stock. Deutsche Bank assumed coverage on ADT in a report on Tuesday. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Citigroup assumed coverage on ADT in a report on Tuesday. They issued a “buy” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. ADT has an average rating of “Buy” and an average price target of $16.25.

ADT (NYSE ADT) traded down $0.53 during trading hours on Tuesday, reaching $12.15. The company’s stock had a trading volume of 6,076,862 shares, compared to its average volume of 10,970,000. ADT has a 52 week low of $11.12 and a 52 week high of $13.02. The company has a market cap of $9,100.00 and a P/E ratio of -24.30.

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ADT Company Profile

ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.

Analyst Recommendations for ADT (NYSE:ADT)

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