Credit Suisse Downgrades ADT Corp. to Hold

By George MacDonald

In a report released today, Charles Clarke from Credit Suisse downgraded ADT Corp. (NYSE: ADT) to Hold, with a price target of $42. The company’s shares closed yesterday at $41.29, close to its 52-week high of $41.80.

ADT Corp. has an analyst consensus of Hold, with a price target consensus of $45.

The company has a one year high of $41.80 and a one year low of $24.22. Currently, ADT Corp. has an average volume of 4.53M.

Unlike Credit Suisse`s latest rating, based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. Last month, Michele Kirse, a the SVP of ADT sold 16,916 shares for a total of $644,330.

Clarke has an average return of 24.8% when recommending ADT Corp.. According to TipRanks.com, Clarke is ranked #1499 out of 3777 analysts.

The ADT Corp. provides electronic security, interactive home and business automation and alarm monitoring services in the United Sates and Canada. Its broad set of products and services, including ADT Pulse interactive home and business solutions, and home health services, meet a range of customer needs for modern lifestyles. Its history roots back in 1874 and when it was acquired by Tyco International Ltd. in 1997 and became its subsidiary. The company was founded on January 18, 2012 and is headquartered in Boca Raton, FL.