BOCA RATON, Fla. – ADT Corp. (NYSE:ADT) shares hit a new 52-week high on Thursday (Feb. 12). The company traded as high as $38.31 and last traded at $38.29, with a volume of 800,990 shares traded. The stock had previously closed at $37.17.
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Several analysts have recently commented on the stock:
• Zacks reiterated a “neutral” rating and set a $39 price target on shares of ADT in a research note on Feb. 12.
• Analysts at Raymond James initiated coverage on shares of ADT in a research note on Jan. 27. They set an “outperform” rating and a $33.82 price target on the stock.
• Morgan Stanley downgraded shares of ADT from an “equal weight” rating to an “underweight” rating and set a $34 price target on the stock in a research note on Jan. 12. They noted that the move was a valuation call.
• TheStreet downgraded shares of ADT from a “buy” rating to a “hold” rating in a research note on Dec. 8.
ADT currently has an average rating of “Hold” and an average price target of $37.80. The stock has a 50-day moving average of $35.40 and a 200-day moving average of $35.16.
The company has a market cap of $6.52 billion and a P/E ratio of 22.09. ADT last announced its earnings results on Jan. 28. The company posted adjusted earnings of 51 cents per share for the fiscal first quarter, beating analysts’ estimates of 49 cents per share.
The company also recently declared a quarterly dividend, which will be paid on Feb. 18. Investors of record on Jan. 28 will be given a dividend of 21 cents per share. This represents an 84 cents dividend on an annualized basis and a yield of 2.20%.
