Barclays Remains a Buy on Adt Inc (ADT)

By Carrie Williams

Barclays analyst Manav Patnaik maintained a Buy rating on Adt Inc (ADTResearch Report) yesterday and set a price target of $8. The company’s shares closed yesterday at $6.70.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 12.2% 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.

Adt Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.19.

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Based on Adt Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.19 billion and GAAP net loss of $149 million. In comparison, last year the company had a GAAP net loss of $157 million.

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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.