ADT Q2 Adj. FCF Jumps 48% to $406M; Morgan Stanley Lifts Target
ADT sits 21% above its 52-week low of $6.24.
Summary
ADT's Q2 adjusted free cash flow surged 48% to $406M, with operating cash of $666M, signaling strong cash generation. Revenue of $1.312B beat consensus, and the company repurchased 68M shares. Morgan Stanley raised its price target to $7.75 from $7.50, maintaining Equal-Weight. This follows last week's raised full-year outlook and Q2 beat, reinforcing improving fundamentals. The cash flow strength and buyback activity suggest management confidence, though the analyst target remains modest.
At the time of this announcement, ADT was trading at $7.58 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $6.24 to $8.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.