Analyst Ratings for Agree Realty Corp. (ADC)

Updated: 2017-07-28

Agree Realty Corp. (NYSE:ADC) was awarded an average rating of Overweight from investment analysts following the stock. ADC had previously received a consensus rating of Overweight a month ago.

11 analysts issued ratings on the stock, where 6 gave ADC a buy rating, 2 gave an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for ADC by the analysts covering the stock. The maximum price target given was 56, which equates to a potential upside of 14.19 percent. The lowest price target was 46, implying potential capital losses of -6.2 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.22 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.8 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ADC to grow at a rate of 21.9 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. ADC has a PEG ratio of 1.

ADC has a 52-week high of 51.50 and a 52-week low of 41.01. The current market price is above the trailing year's low by 19.58 percent, and below the high by 4.78 percent. ADC has a P/E ratio of 21.99. Investors typically compare the P/E ratio to a company's peers in the industry. The ADC value stock report compares ADC to some of its peers using value stock charts. The stock has a market capitalization of $1.39 billion. ADC's next earnings release will be on 0000-00-00, which is days away.