Argus Research Downgrades ADT Corp to Sell

Brokerage firm Argus Research Downgrades its rating on ADT Corp(NYSE:ADT). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Argus Research was issued on Apr 12, 2016.

In a different note, On Feb 17, 2016, Imperial Capital said it Downgrades its rating on ADT Corp. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘In-line’ by the firm. On Feb 16, 2016, Imperial Capital said it Downgrades its rating on ADT Corp. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘In-line’ by the firm. On Feb 3, 2016, Morgan Stanley said it Upgrades its rating on ADT Corp. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jan 19, 2016, Barclays said it Maintains its rating on ADT Corp. According to the research note, Barclays Raises the price target to $31 per share from a prior target of $30. The shares have been rated ‘Equal-weight’ by the firm.

ADT Corp (ADT) made into the market gainers list on Fridays trading session with the shares advancing 0.10% or 0.04 points. Due to strong positive momentum, the stock ended at $41.71, which is also near the day’s high of $41.75. The stock began the session at $41.67 and the volume stood at 22,70,530 shares. The 52-week high of the shares is $42.88 and the 52 week low is $24.22. The company has a current market capitalization of $6,895 M and it has 16,53,11,680 shares in outstanding.

ADT Corp(ADT) last announced its earnings results on Feb 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $900.00M. Analysts had an estimated revenue of $906.05M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Jan 8, 2016, Naren K Gursahaney (President/CEO) sold 14,741 shares at $31.33 per share price.Also, On Nov 20, 2015, Mark N. Edoff (SVP/Bus. Ops) sold 9,826 shares at $34.40 per share price.On May 1, 2015, N. David Bleisch (SVP, Chief Legal Officer) sold 6,744 shares at $37.74 per share price, according to the Form-4 filing with the securities and exchange commission.

The ADT Corporation (ADT) is a provider of monitored security interactive home and business automation and related monitoring services in the United States and Canada. The Company’s products and services include home and business solutions and home health services. The Company’s brands include ADT and ADT Pulse. The Company’s electronic security and home or business automation offerings involve the installation and monitoring of residential and small business security and premises automation systems designed to detect intrusion control access and react to movement smoke carbon monoxide flooding temperature and other environmental conditions and hazards as well as to address personal emergencies such as injuries medical emergencies or incapacitation. The Company offers a range of alternate and back-up alarm transmission methods including cellular digital radio and broadband Internet.

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ADT Corp - Is it time to Sell?

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