ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Stock Has Average Price Target of $24.25

Shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) have been assigned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.25.

A number of brokerages have recently issued reports on ADIG. Wall Street Zen upgraded ADI Global Distribution Inc. Common Stock to a “hold” rating in a research report on Saturday, August 29th. Zacks Research downgraded shares of ADI Global Distribution Inc. Common Stock from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. JPMorgan Chase & Co. decreased their price objective on shares of ADI Global Distribution Inc. Common Stock from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Oppenheimer began coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Truist Financial initiated coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Wednesday, August 26th. They set a “hold” rating and a $24.00 price target for the company.

ADI Global Distribution Inc. Common Stock Stock Performance

Shares of ADI Global Distribution Inc. Common Stock stock opened at $16.28 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.80 and a debt-to-equity ratio of 0.40. ADI Global Distribution Inc. Common Stock has a twelve month low of $15.00 and a twelve month high of $30.99. The company has a 50-day simple moving average of $19.45.

ADI Global Distribution Inc. Common Stock Company Profile

ADI Global Distribution Inc is a wholesale distributor serving the security, low-voltage, smart-home, and related technology markets. The company supplies products from various manufacturers to professional installers, systems integrators, and other business customers rather than selling primarily to individual consumers.

Its product categories include video surveillance equipment, intrusion and fire alarm systems, access-control technology, networking and connectivity products, home automation devices, audio-visual equipment, and related installation supplies.