Barclays Maintains a Buy Rating on Adt Inc (ADT)

By Ryan Adsit

In a report issued on March 15, Manav Patnaik from Barclays maintained a Buy rating on Adt Inc (ADTResearch Report), with a price target of $10. The company’s shares opened today at $6.75.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 11.3% and a 71.3% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Nielsen Holdings, and S&P Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adt Inc with a $10.19 average price target, representing a 51.0% upside. In a report issued on March 12, RBC Capital also maintained a Buy rating on the stock with a $11 price target.

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The company has a one-year high of $9.84 and a one-year low of $5.88. Currently, Adt Inc has an average volume of 2.37M.

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ADT, Inc. is engaged in providing monitored security, interactive home, and business automation and related monitoring services. It offers residential, commercial, and multi-site customers a set of burglary, video, access control, fire and smoke alarm, and medical alert solutions. The company was founded in 2015 and is headquartered in Boca Raton, FL.