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.
COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Begins Coverage on ADT (ADT)” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/13/morgan-stanley-begins-coverage-on-adt-adt.html.
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.
Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.