Fintel reports that RBC Capital reiterated its Sector Perform recommendation on ADT (NYSE:ADT) on 3 May 2023.
The analyst price outlook indicates an 81.61% increase.
The average one-year price target for ADT as of April 24, 2023 is $10.37. The forecasts range from $8.08 to $13.65 per share. The average price target represents an increase of 81.61 percent compared to the stock’s most recent reported closing price of $5.71.
View our ranking of companies with the highest price target appreciation.
ADT’s anticipated annual revenue is $6,924,000,000, representing an increase of 7.13 %. The annual non-GAAP EPS forecast is 0.77.
What does Fund Sentiment mean?
525 funds and institutions have reported positions in ADT. This represents an increase of 31 owners, or 6.28%, over the previous quarter.
The average portfolio weight of all funds devoted to ADT has decreased by 46.40%, to 0.22%. In the past three months, the total number of shares owned by institutions increased by 3.24 percent, to 817.198 million shares. Put/Call Ratios of ADT/ADT Inc.ADT’s put/call ratio is 0.61, which indicates a favorable outlook.
What actions do other shareholders take?
Institutional Ownership of ADT / ADT Inc Shares Apollo Management Holdings owns 498,300K shares, which represents 54.07 percent of the company. Previously, the company disclosed ownership of 608,928K shares, representing a decrease of 22.20%. Over the past quarter, the company decreased its portfolio allocation to ADT by 8.98%.
14.47% of State Farm Mutual Automobile Insurance’s stock is 133,333K.
Ariel Investments holds 16,825k shares, which represents 1.83 % of the company’s stock. In its previous filing, the company disclosed ownership of 18,190K shares, representing a decrease of 8.11 percent. Over the past quarter, the company increased its portfolio allocation to ADT by 5.67 percent.
Alliancebernstein possesses 16,647K shares, which represents 1.81 % of the company’s stock. In its previous filing, the company disclosed ownership of 19,628K shares, a decrease of 17.91%. Over the past quarter, the company reduced its portfolio allocation to ADT by 4.53 percent.
Mgg Investment Group owns 11,634,000 shares, or 1.26 percent of the company. In its previous filing, the company reported possessing 22,921K shares, a decrease of 97.01 percent. The company’s portfolio allocation to ADT decreased by 99.90% over the past quarter.
ADT History Information
ADT is the nation’s largest provider of security, automation, and smart home solutions, with over 200 locations, 9 monitoring centers, and the largest network of security professionals. The company provides a variety of consumer protection options, including professionally installed, do-it-yourself, mobile, and digital offerings for residential, small business, and larger commercial clients.