Zacks Investment Research Lowers Protection One (ADT) to Hold

Zacks Investment Research downgraded shares of Protection One (NYSE:ADT) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “ADT Inc. provides security and automation solutions for homes and businesses primarily in the United States and Canada. ADT Inc. is based in BOCA RATON, United States. “

ADT has been the subject of several other research reports. Barclays dropped their target price on Protection One from $17.00 to $13.00 and set an overweight rating for the company in a research report on Wednesday, April 25th. ValuEngine lowered Protection One from a hold rating to a sell rating in a research report on Thursday, March 1st. Royal Bank of Canada assumed coverage on Protection One in a research report on Tuesday, February 13th. They set an outperform rating and a $16.00 target price for the company. Bank of America assumed coverage on Protection One in a research report on Tuesday, February 13th. They set a buy rating and a $16.00 target price for the company. Finally, Citigroup assumed coverage on Protection One in a research report on Tuesday, February 13th. They set a buy rating and a $16.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Protection One has a consensus rating of Buy and a consensus price target of $15.00.

Shares of Protection One opened at $7.17 on Tuesday, Marketbeat reports. Protection One has a 1 year low of $7.08 and a 1 year high of $7.21. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 2.02.

Protection One (NYSE:ADT) last announced its earnings results on Wednesday, May 9th. The security and automation business reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.27). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. sell-side analysts forecast that Protection One will post 0.83 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 25th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, June 22nd. Protection One’s dividend payout ratio is presently -40.00%.

In related news, Director Andrew Africk purchased 130,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was purchased at an average price of $7.46 per share, with a total value of $969,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.23% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Protection One during the first quarter valued at approximately $38,679,000. Thornburg Investment Management Inc. bought a new stake in shares of Protection One during the first quarter valued at approximately $34,375,000. JPMorgan Chase & Co. bought a new stake in shares of Protection One during the first quarter valued at approximately $7,821,000. Northern Trust Corp bought a new stake in shares of Protection One during the first quarter valued at approximately $5,790,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Protection One during the first quarter valued at approximately $3,148,000. 0.78% of the stock is owned by hedge funds and other institutional investors.

Protection One Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Analyst Recommendations for Protection One (NYSE:ADT)

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